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YZ Inc., an information technology services company, provides the following financial information for the fiscal year ended September 30, 2023: Total Revenue: $8,000,000 Cost of


YZ Inc., an information technology services company, provides the following financial information for the fiscal year ended September 30, 2023:

Total Revenue: $8,000,000

Cost of Goods Sold: $4,800,000

Operating Expenses: $2,000,000

Depreciation Expense: $200,000

Interest Expense: $100,000

Income Tax Expense: $250,000

Cash and Cash Equivalents: $500,000

Accounts Receivable: $600,000

Inventory: $300,000

Total Current Liabilities: $1,000,000

Requirements:

Prepare an income statement for YZ Inc. for the fiscal year ended September 30, 2023.

Calculate the operating profit margin.

Determine the net income.

Compute the quick ratio.

Calculate the return on assets (ROA) assuming total assets of $5,000,000.

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