ABC Corporation has the following data:

• Sales: $500,000
• Cost of Goods Sold: $300,000
• Operating Expenses: $100,000
• Interest Expense: $10,000
• Tax Rate: 30%

Requirements:

1. Calculate the gross profit.
2. Calculate the operating profit.
3. Calculate the net income.
4. Compute the gross profit margin.
5. Compute the net profit margin.