Question
Below is a summarized income statement and cash flow statement for ABC Inc. for the fiscal year 2023: Income Statement: Revenue: $200,000 Cost of Goods
Below is a summarized income statement and cash flow statement for ABC Inc. for the fiscal year 2023:
Income Statement:
Revenue: $200,000
Cost of Goods Sold: $120,000
Operating Expenses: $50,000
Interest Expense: $10,000
Tax Expense: $5,000
Cash Flow Statement:
Net Income: $15,000
Depreciation: $5,000
Changes in Working Capital: $3,000
Capital Expenditures: $10,000
Cash Flow from Financing Activities: $7,000
Requirements:
Calculate the gross profit margin.
Determine the operating profit margin.
Compute the net profit margin.
Assess the operating cash flow.
Evaluate the overall cash position of the company.
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