Presented below are the financial highlights for Johnson & Johnson for the fiscal year ending December 31, 2023:

Income Statement:

Total Revenue: $2,000,000

Cost of Sales: $1,400,000

Operating Expenses: $500,000

Taxes: $50,000

Net Income: $50,000

Balance Sheet:

Cash: $200,000

Accounts Receivable: $300,000

Inventory: $350,000

Property, Plant, and Equipment: $600,000

Current Liabilities: $320,000

Long-term Liabilities: $380,000

Equity: $750,000

Compute the return on assets (ROA).

Determine the gross profit margin.

Find the inventory turnover ratio.

Calculate the quick ratio.