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Imagine you are the financial analyst for HealthTech Solutions, a company that develops healthcare software. For the year ending 2023, the company reported the following
- Imagine you are the financial analyst for HealthTech Solutions, a company that develops healthcare software. For the year ending 2023, the company reported the following figures: revenue of $6 million, cost of goods sold of $3 million, operating expenses of $2.2 million, and net income of $800,000. The total assets at the end of the year were $8 million, and the total liabilities were $3.5 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 $2.8 million and current liabilities are $1.2 million.
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