1. Imagine you are the financial analyst for SmartHome Technologies, a company that develops smart home devices. For the year ending 2023, the company reported the following figures: revenue of $12 million, cost of goods sold of $5 million, operating expenses of $3.5 million, and net income of $2 million. The total assets at the end of the year were $14 million, and the total liabilities were $5.5 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 $4.5 million and current liabilities are $2.5 million.