MNO Ltd., an e-commerce company, provides the following financial data for the fiscal year ended March 31, 2024:

Net Sales: $12,000,000

Cost of Goods Sold: $7,500,000

Selling and Marketing Expenses: $2,500,000

General and Administrative Expenses: $1,000,000

Interest Expense: $150,000

Income Tax Expense: $300,000

Total Current Assets: $3,000,000

Total Current Liabilities: $1,500,000

Total Liabilities: $5,000,000

Total Equity: $4,000,000

Requirements:

Prepare an income statement for MNO Ltd. for the fiscal year ended March 31, 2024.

Calculate the gross profit margin.

Determine the operating profit.

Compute the return on equity (ROE).

Calculate the debt to equity ratio.