1. Imagine you are the financial analyst for SmartWear Inc., a company that develops wearable technology. For the year ending 2023, the company reported the following figures: revenue of $9.5 million, cost of goods sold of $4 million, operating expenses of $3 million, and net income of $1.2 million. The total assets at the end of the year were $10 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 $3.2 million and current liabilities are $1.2 million.