Procter & Gamble Co. (P&G) has shared the following data for its Beauty segment for the year ended June 30, 2023:

Income Statement

• Sales revenue: $50,000,000
• Cost of goods sold: $20,000,000
• Gross margin: $30,000,000
• Operating expenses:
  • R&D expenses: $5,000,000
  • Sales and marketing expenses: $7,000,000
• Operating income: $18,000,000
• Nonoperating items:
  • Interest expense: $1,000,000
  • Gain on sale of investment: $2,000,000
• Net income: $19,000,000

Balance Sheet

• Assets:
  • Cash: $4,000,000
  • Accounts receivable: $3,000,000
  • Inventory: $5,000,000
  • Property, plant, and equipment: $20,000,000
• Total assets: $32,000,000
• Liabilities:
  • Accounts payable: $1,000,000
  • Short-term loans: $2,000,000
  • Long-term debt: $5,000,000
• Stockholders' equity: $24,000,000
• Total liabilities and stockholders' equity: $32,000,000

Requirements:

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