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Below are the comparative income statements for Alphabet Inc. (Google) for the years ended December 31, 2022, and 2021. Alphabet Inc. 2022 2021 Sales $282,836
Below are the comparative income statements for Alphabet Inc. (Google) for the years ended December 31, 2022, and 2021.
Alphabet Inc. | 2022 | 2021 |
Sales | $282,836 | $257,637 |
Cost of Goods Sold | $125,983 | $106,899 |
Gross Profit | $156,853 | $150,738 |
Operating Expenses | $69,511 | $63,027 |
Net Income | $76,033 | $67,407 |
Requirements:
- Calculate the gross profit margin for each year.
- Calculate the operating profit margin for each year.
- Compute the net profit margin for each year.
- Discuss Alphabet Inc.'s profitability trends over these two years.
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