1. Procter & Gamble Co. reported the following income statement figures for the year ended June 30, 2023:
   • Net Sales: $75,000,000
   • Cost of Goods Sold: $40,000,000
   • Operating Expenses: $20,000,000
   • Other Income: $5,000,000
   • Interest Expense: $1,800,000
   • Income Tax Expense: $15,000,000
   • Net Income: $23,200,000

a. Calculate Procter & Gamble Co.'s Gross Profit Margin and Operating Profit Margin under the accrual basis of accounting. b. Determine Procter & Gamble Co.'s Return on Assets (ROA) and Return on Equity (ROE). c. Discuss how changes in Procter & Gamble Co.'s operating expenses could impact its profitability ratios with accrual adjustments. d. Analyze the effective tax rate of Procter & Gamble Co. and its implications for shareholders under accrual accounting. e. Evaluate Procter & Gamble Co.'s earnings per share (EPS) based on the provided net income and number of outstanding shares.