Question
The financial summary for Intel Corporation as of December 31, 2023, is provided below: Income Statement: Sales Revenue: $2,800,000 Cost of Goods Sold: $2,000,000 Operating
The financial summary for Intel Corporation as of December 31, 2023, is provided below:
Income Statement:
Sales Revenue: $2,800,000
Cost of Goods Sold: $2,000,000
Operating Expenses: $900,000
Income Tax: $90,000
Net Income: $10,000
Balance Sheet:
Cash: $280,000
Receivables: $450,000
Inventory: $500,000
Operational Assets: $1,000,000
Current Liabilities: $480,000
Long-term Debt: $550,000
Shareholders’ Equity: $1,200,000
Compute the return on assets (ROA).
Calculate the debt-to-equity ratio.
Determine the quick ratio.
Find the gross profit margin.
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