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Boeing Company has the following data for 2023: Net Sales: $800,000 Cost of Goods Sold: $500,000 Operating Expenses: $180,000 Interest Expense: $20,000 Tax Expense: $40,000

Boeing Company has the following data for 2023:

  • Net Sales: $800,000
  • Cost of Goods Sold: $500,000
  • Operating Expenses: $180,000
  • Interest Expense: $20,000
  • Tax Expense: $40,000

Prepare the income statement and calculate the gross profit margin and net profit margin for Boeing Company for the year 2023.

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