1. Imagine you are the financial analyst for EdTech Innovators, a company that develops educational software. For the year ending 2023, the company reported the following figures: revenue of $5.5 million, cost of goods sold of $2 million, operating expenses of $2.5 million, and net income of $700,000. The total assets at the end of the year were $7 million, and the total liabilities were $2.8 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 $2.2 million and current liabilities are $1 million.