Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze the financial performance of Procter & Gamble Co. using the income statements for the years ended June 30, 2022, and 2021. Procter & Gamble

Analyze the financial performance of Procter & Gamble Co. using the income statements for the years ended June 30, 2022, and 2021.

Procter & Gamble Co.

2022

2021

Sales

$80,187

$76,118

Cost of Goods Sold

$37,484

$34,987

Gross Profit

$42,703

$41,131

Operating Expenses

$24,905

$23,764

Net Income

$18,828

$16,361

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Analyze the changes in Procter & Gamble Co.'s profitability from 2021 to 2022.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Career Approach

Authors: Cathy J. Scott

13th edition

1337280569, 978-1337607773, 1337607770, 978-1337516525, 133751652X, 978-1337668026, 978-1337280563

More Books

Students also viewed these Accounting questions