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YZA Corporation, a logistics company, provides the following financial information for the fiscal year ended September 30, 2023: Total Revenue: $18,000,000 Cost of Goods Sold:


YZA Corporation, a logistics company, provides the following financial information for the fiscal year ended September 30, 2023:

Total Revenue: $18,000,000

Cost of Goods Sold: $11,000,000

Operating Expenses: $4,500,000

Depreciation Expense: $600,000

Interest Expense: $200,000

Income Tax Expense: $500,000

Accounts Receivable: $1,200,000

Accounts Payable: $900,000

Total Current Assets: $5,000,000

Total Current Liabilities: $2,000,000

Requirements:

Prepare a comprehensive income statement for YZA Corporation for the fiscal year ended September 30, 2023.

Calculate the gross profit margin.

Determine the net income.

Compute the current ratio.

Calculate the inventory turnover ratio assuming inventory of $2,500,000.

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