Tesla, Inc. operates three segments: Automotive, Energy Generation and Storage, and Services. The following financial information applies to the Automotive segment for the year ended December 31, 2023:

Income Statement

• Sales revenue: $30,000,000
• Cost of goods sold: $18,000,000
• Gross margin: $12,000,000
• Operating expenses:
  • Selling expenses: $2,000,000
  • Depreciation expense: $3,000,000
• Operating income: $7,000,000
• Nonoperating items:
  • Interest expense: $500,000
  • Loss on sale of equipment: $200,000
• Net income: $6,300,000

Balance Sheet

• Assets:
  • Cash: $2,000,000
  • Accounts receivable: $1,500,000
  • Merchandise inventory: $3,000,000
  • Equipment (net of accumulated depreciation): $10,000,000
  • Nonoperating assets: $500,000
• Total assets: $17,000,000
• Liabilities:
  • Accounts payable: $1,000,000
  • Notes payable: $2,000,000
  • Long-term debt: $5,000,000
• Stockholders' equity: $9,000,000
• Total liabilities and stockholders' equity: $17,000,000

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 current ratio.