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Analyze the taxable income for Procter & Gamble Co. for the fiscal year ending December 31, 2023. Start by considering the company's total revenue of
Analyze the taxable income for Procter & Gamble Co. for the fiscal year ending December 31, 2023. Start by considering the company's total revenue of $900,000,000 and subtracting its cost of goods sold, which amounted to $400,000,000. Then, account for operating expenses totaling $250,000,000, followed by depreciation expenses of $40,000,000 and interest expenses of $18,000,000. With a corporate tax rate of 22%, compute the taxable income for Procter & Gamble Co.
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