Procter & Gamble Co. has reported the following financial data for its Fabric and Home Care segment for the fiscal year ending June 30, Year 3.

Income Statement for Year Ended June 30, Year 3

• Sales revenue: $1,200,000
• Cost of goods sold: $720,000
• Gross profit: $480,000
• Operating expenses: $240,000
• Marketing expenses: $100,000
• Depreciation expense: $50,000
• Operating income: $90,000
• Interest expense: $40,000
• Other income: $30,000
• Net income: $80,000

Balance Sheet as of June 30, Year 3 Assets

• Cash: $400,000
• Accounts receivable: $420,000
• Inventory: $300,000
• Property, plant, and equipment (net): $800,000
• Other assets: $100,000
• Total assets: $2,020,000

Liabilities

• Accounts payable: $250,000
• Short-term debt: $200,000
• Long-term debt: $700,000
• Stockholders' equity: $870,000
• Total liabilities and stockholders' equity: $2,020,000

Required:

1. Compute the gross profit margin.
2. Calculate the operating income percentage.
3. Determine the return on assets (ROA).
4. Find the quick ratio.
5. Compute the debt to equity ratio.