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Berkshire Hathaway Inc. reported the following financial information for the year ending December 31, 2023: Total Revenue: $250 billion Cost of Goods Sold (COGS): $100

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

    • Total Revenue: $250 billion
    • Cost of Goods Sold (COGS): $100 billion
    • Operating Expenses: $60 billion
    • Other Income: $10 billion
    • Tax Expense: $30 billion

a) Calculate the gross profit.

b) Determine the operating profit.

c) Compute the net profit before tax.

d) Calculate the net profit after tax, assuming a tax rate of 25%.

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