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Imagine you are the financial analyst for AutoTech Inc., a company that produces automotive parts. For the year ending 2023, the company reported the following
- Imagine you are the financial analyst for AutoTech Inc., a company that produces automotive parts. For the year ending 2023, the company reported the following figures: revenue of $15 million, cost of goods sold of $9 million, operating expenses of $4 million, and net income of $1.5 million. The total assets at the end of the year were $18 million, and the total liabilities were $6 million.
Calculate the gross profit margin and operating profit margin. Determine the return on assets (ROA). Compute the current ratio given that the current assets are $5 million and current liabilities are $2 million.
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