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HealthTech Solutions reported the following for the year 2023: Revenue: $15 million Cost of Goods Sold: $6 million Operating Expenses: $5 million Interest Expense: $300,000
- HealthTech Solutions reported the following for the year 2023:
- Revenue: $15 million
- Cost of Goods Sold: $6 million
- Operating Expenses: $5 million
- Interest Expense: $300,000
- Taxes: $1 million
- Total Assets: $18 million
- Current Assets: $4 million
- Current Liabilities: $2 million
- Calculate the operating income.
- Determine the net income.
- Compute the quick ratio and the debt ratio.
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