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Imagine you are the financial analyst for DataTech Inc., a company that develops data analytics software. For the year ending 2023, the company reported the
- Imagine you are the financial analyst for DataTech Inc., a company that develops data analytics software. For the year ending 2023, the company reported the following figures: revenue of $11 million, cost of goods sold of $5 million, operating expenses of $4 million, and net income of $1 million. The total assets at the end of the year were $12 million, and the total liabilities were $4 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 $4 million and current liabilities are $1.5 million.
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