Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Berkshire Hathaways financial overview as of December 31, 2023: Total Revenue: $400 billion Cost of Goods Sold: $250 billion Operating Expenses: $100 billion Interest Expense:
Berkshire Hathaway’s financial overview as of December 31, 2023:
- Total Revenue: $400 billion
- Cost of Goods Sold: $250 billion
- Operating Expenses: $100 billion
- Interest Expense: $10 billion
- Net Income: $30 billion
- Total Assets: $700 billion
- Shareholders’ Equity: $300 billion
Determine:
- Gross Profit Margin.
- Operating Profit Margin.
- Net Profit Margin.
- Interest Coverage Ratio.
- Return on Equity (ROE).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started