Superior Software Solutions develops and sells business software. In 2023, the company had revenue of $9 million, a cost of goods sold of $4.5 million, and operating expenses totaling $2.7 million. The company’s total assets were $11 million, and its total liabilities were $5 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.