QRT Ltd's Financial Data as of 31 March 2027:

• Balance Sheet:
  • Cash: $180,000
  • Accounts Receivable: $560,000
  • Inventory: $560,000
  • Total Current Assets: $1,300,000
  • Property, Plant, and Equipment: $2,700,000
  • Total Assets: $4,000,000
• Liabilities and Equity:
  • Current Liabilities: $900,000
  • Long-term Debt: $1,700,000
  • Total Liabilities: $2,600,000
  • Equity: $1,400,000
  • Total Liabilities and Equity: $4,000,000

Income Statement for the Year Ended 31 March 2027:

• Sales: $5,500,000
• Cost of Goods Sold: $3,300,000
• Gross Profit: $2,200,000
• Operating Expenses: $1,100,000
• Operating Profit: $1,100,000
• Interest Expense: $200,000
• Net Profit Before Tax: $900,000
• Tax @ 28%: $252,000
• Net Profit: $648,000

Requirements:

1. Calculate the current ratio.
2. Compute the equity ratio.
3. Evaluate the gross profit margin.
4. Determine the operating profit margin.
5. Assess the return on equity (ROE).