Apple Inc. is evaluating its financial performance for the year ending December 31, 2023. The company has the following information:

• Revenue: $365 billion
• Cost of Goods Sold (COGS): $212 billion
• Operating Expenses: $65 billion
• Interest Expense: $2 billion
• Tax Rate: 21%

Requirements:

6. Prepare the income statement for Apple Inc.
7. Calculate the gross profit margin.
8. Calculate the operating profit margin.
9. Determine the net profit margin.
10. Compute the earnings per share (EPS) if Apple has 16.5 billion shares outstanding.