Answered step by step
Verified Expert Solution
Link Copied!

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:

  1. Gross Profit Margin.
  2. Operating Profit Margin.
  3. Net Profit Margin.
  4. Interest Coverage Ratio.
  5. Return on Equity (ROE).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting

Authors: William K. Carter

14th edition

759338094, 978-0759338098

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago