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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

  1. 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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