1. Imagine you are the financial analyst for FitnessTech Inc., a company that produces fitness equipment. For the year ending 2023, the company reported the following figures: revenue of $12 million, cost of goods sold of $6 million, operating expenses of $4 million, and net income of $1.5 million. The total assets at the end of the year were $13 million, and the total liabilities were $4.5 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 $1.8 million.