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Adobe Inc. reported the following figures for the year ending November 30, 2023: Total Revenue: $22.4 billion Cost of Sales: $3.9 billion Operating Expenses: $9.8
Adobe Inc. reported the following figures for the year ending November 30, 2023:
- Total Revenue: $22.4 billion
- Cost of Sales: $3.9 billion
- Operating Expenses: $9.8 billion Calculate: a) Gross profit margin. b) Operating profit margin. c) Net profit margin if the net income for the year is $7 billion.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
