Heritage Homes Inc. builds and sells custom homes. In 2023, the company had revenue of $50 million, a cost of goods sold of $30 million, and operating expenses totaling $12 million. The company’s total assets were $40 million, and its total liabilities were $18 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.