Question
TUV Inc., an energy company, presents the following financial figures for the fiscal year ended June 30, 2024: Total Revenue: $30,000,000 Cost of Goods Sold:
TUV Inc., an energy company, presents the following financial figures for the fiscal year ended June 30, 2024:
Total Revenue: $30,000,000
Cost of Goods Sold: $18,000,000
Operating Expenses: $8,000,000
Depreciation Expense: $1,000,000
Interest Expense: $400,000
Income Tax Expense: $800,000
Current Assets: $7,000,000
Current Liabilities: $3,000,000
Total Assets: $20,000,000
Total Liabilities: $10,000,000
Requirements:
Prepare a comprehensive income statement for TUV Inc. for the fiscal year ended June 30, 2024.
Calculate the operating profit margin.
Determine the net income.
Compute the current ratio.
Calculate the return on assets (ROA).
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