1. Imagine you are the financial analyst for Tech Innovators Inc., a company that develops cutting-edge software solutions. For the year ending 2023, the company reported the following figures: revenue of $3.2 million, cost of goods sold of $1.4 million, operating expenses of $1.1 million, and net income of $450,000. The total assets at the end of the year were $5 million, and the total liabilities were $2 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 $1.5 million and current liabilities are $800,000.