10. Procter & Gamble, a consumer goods company, presented the following data:

• Sales: $2,200,000,000
• Cost of Goods Sold: $1,200,000,000
• Operating Expenses: $700,000,000
• Interest Expense: $80,000,000
• Tax Rate: 27%
• Total Assets: $2,000,000,000
• Total Liabilities: $1,100,000,000
• Shareholders' Equity: $900,000,000

Requirements:

1. Prepare an Income Statement for Procter & Gamble.
2. Calculate the Gross Margin and Operating Margin.
3. Determine the Return on Assets (ROA) and Return on Equity (ROE).
4. Calculate the Current Ratio and Quick Ratio (assuming Inventory is $150,000,000).