Question 7

NOP Corporation's financial data for the fiscal year 2023 includes the following:

• Revenue: $12,000,000
• Cost of Goods Sold: $7,200,000
• Selling, General, and Administrative Expenses: $3,600,000
• Depreciation and Amortization: $400,000
• Interest Expense: $250,000
• Tax Rate: 30%
• Total Assets: $10,000,000
• Total Equity: $6,000,000

Requirements:

• Calculate the Gross Profit.
• Determine the Operating Profit (EBIT).
• Calculate the Net Income.
• Determine the Interest Coverage Ratio.
• Calculate the Return on Assets (ROA).