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JPMorgan Chase & Co. provides the following financial information for the year ending December 31, 2023: Net Sales: $9,000,000 Cost of Goods Sold: $5,400,000 Operating
JPMorgan Chase & Co. provides the following financial information for the year ending December 31, 2023:
- Net Sales: $9,000,000
- Cost of Goods Sold: $5,400,000
- Operating Expenses: $2,500,000
- Net Income: $800,000
- Total Assets: $15,000,000
- Total Liabilities: $7,500,000
- Shareholders' Equity: $7,500,000
Required:
- Calculate the following financial ratios:
- Gross Profit Margin
- Operating Profit Margin
- Net Profit Margin
- Return on Assets (ROA)
- Return on Equity (ROE)
- Analyze the financial health of JPMorgan Chase & Co. based on these ratios.
- Discuss the limitations of financial ratios in assessing the overall performance of a company.
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