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Imagine you are the financial analyst for Green Energy Solutions, a company that develops renewable energy products. For the year ending 2023, the company reported

  1. Imagine you are the financial analyst for Green Energy Solutions, a company that develops renewable energy products. For the year ending 2023, the company reported the following figures: revenue of $7 million, cost of goods sold of $3.5 million, operating expenses of $2.5 million, and net income of $900,000. The total assets at the end of the year were $8.5 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 $3.5 million and current liabilities are $1.8 million.

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