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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:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Discuss Alphabet Inc.'s profitability trends over these two years.

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