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Bank of America Corporation is a multinational investment bank and financial services company. For the quarter ended September 30, 20X6, the company reported the following

Bank of America Corporation is a multinational investment bank and financial services company. For the quarter ended September 30, 20X6, the company reported the following information:

  • Total revenue: $40,000,000
  • Cost of goods sold: $10,000,000
  • Selling and administrative expenses: $8,000,000
  • Other operating expenses: $4,000,000
  • Income tax expense: $6,000,000 Calculate the company's net income, gross profit margin, operating income, and net profit margin.

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