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Berkshire Hathaway Inc. reported the following figures for the year ending December 31, 2023: Total Revenue: $380 billion Cost of Goods Sold (COGS): $250 billion

Berkshire Hathaway Inc. reported the following figures for the year ending December 31, 2023:

  • Total Revenue: $380 billion
  • Cost of Goods Sold (COGS): $250 billion
  • Operating Expenses: $80 billion Calculate: a) Gross profit margin. b) Operating profit margin. c) Net profit margin if the net income for the year is $50 billion.

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