PQR Corporation, an international retail chain, has the following financial information for the year ended December 31, 2023:

Total Sales: $15,000,000

Cost of Goods Sold: $9,000,000

Operating Expenses: $3,500,000

Depreciation Expense: $500,000

Interest Expense: $200,000

Income Tax Expense: $400,000

Accounts Receivable: $1,000,000

Accounts Payable: $800,000

Total Current Assets: $4,000,000

Total Current Liabilities: $1,500,000

Requirements:

Prepare a detailed income statement for PQR Corporation for the year ended December 31, 2023.

Calculate the operating profit margin.

Determine the net income.

Compute the current ratio.

Calculate the return on assets (ROA).