The financial details for Alphabet Inc. for the year ended December 31, 2023, are as follows:

• Sales: $7,000,000
• Cost of goods sold: $3,000,000
• Gross profit: $4,000,000
• Operating expenses: $1,800,000
• Net income: $1,500,000
• Cash: $600,000
• Accounts receivable: $400,000
• Inventory: $300,000
• Property, plant, and equipment: $2,500,000
• Accumulated depreciation: $400,000
• Accounts payable: $500,000
• Common stock: $2,500,000
• Retained earnings: $700,000

Instructions:

1. Prepare an income statement for the year ended December 31, 2023.
2. Prepare a balance sheet as of December 31, 2023.
3. Calculate the earnings per share if there are 150,000 shares outstanding.
4. Determine the current ratio.
5. Compute the return on assets (ROA).