ABC Corporation provided the following financial information for the year ending December 31, 2023:

Item	Amount ($)
Sales Revenue	2,500,000
Cost of Goods Sold	1,200,000
Administrative Expenses	300,000
Selling Expenses	150,000
Interest Expense	50,000
Tax Rate	25%

Requirements:

1. Calculate the Gross Profit.
2. Determine the Operating Profit (EBIT).
3. Compute the Earnings Before Tax (EBT).
4. Calculate the Net Income after tax.
5. Discuss the profitability of ABC Corporation based on the Net Income margin.