Precision Products Inc. manufactures precision instruments. For the year 2023, the company had revenue of $16 million, a cost of goods sold of $8 million, and operating expenses totaling $5 million. The company’s total assets were $14 million, and its total liabilities were $6 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.