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Calculate the Net Operating Profit BEFORE tax = NOPBT (NOPBT=Revenue-Operating expenses including COGS) ABC, Inc. Consolidated Income Statement FortheyearthatendedonDecember31,2023NetsalesCostofsales(costoinventariovendido)GrossprofitOperatingexpenses:Selling,generalandadministrativeexpensesResearch,development&engineeringexpensesRestructuringchargesDepreciationandamortizationexpenseTotaloperatingexpensesOperatingincomeotherrevenuesandotherexpenses:InterestexpenseInterestrevenueInvestmentincomefromequitymethodDividendrevenueGainforsaleofequipmentEarningsbeforeincometaxesIncometaxexpense(benefit)NetIncome$millions$83,000(24,900)58,10012,4504,1508383017,51340,5879964158312516640,3802,075$38,305
Calculate the Net Operating Profit BEFORE tax = NOPBT (NOPBT=Revenue-Operating expenses including COGS)
ABC, Inc. Consolidated Income Statement FortheyearthatendedonDecember31,2023NetsalesCostofsales(costoinventariovendido)GrossprofitOperatingexpenses:Selling,generalandadministrativeexpensesResearch,development&engineeringexpensesRestructuringchargesDepreciationandamortizationexpenseTotaloperatingexpensesOperatingincomeotherrevenuesandotherexpenses:InterestexpenseInterestrevenueInvestmentincomefromequitymethodDividendrevenueGainforsaleofequipmentEarningsbeforeincometaxesIncometaxexpense(benefit)NetIncome$millions$83,000(24,900)58,10012,4504,1508383017,51340,5879964158312516640,3802,075$38,305Step by Step Solution
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