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Apple Inc. reported the following financial information for the year ending September 30, 2023: Total Revenue: $350 billion Cost of Goods Sold (COGS): $200 billion


Apple Inc. reported the following financial information for the year ending September 30, 2023:

  • Total Revenue: $350 billion
  • Cost of Goods Sold (COGS): $200 billion
  • Operating Expenses: $80 billion
  • Other Income: $20 billion
  • Tax Expense: $40 billion

a) Calculate the gross profit. b) Determine the operating profit. c) Compute the net profit before tax. d) Calculate the net profit after tax, assuming a tax rate of 15%.

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