Financial Statement Analysis

The following data is provided for Company XYZ for the year 2023:

• Total Revenue: $2,000,000
• Cost of Goods Sold: $1,200,000
• Operating Expenses: $500,000
• Interest Expenses: $50,000
• Tax Rate: 30%
• Total Assets: $3,000,000
• Total Liabilities: $1,800,000

Requirements: (a) Prepare the Income Statement. (b) Calculate the Net Profit Margin. (c) Calculate the Return on Assets (ROA). (d) Calculate the Return on Equity (ROE). (e) Assess the company’s financial health based on the calculated ratios.