Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Caterpillar Inc. reported the following for 2023: total revenue of $70 billion, cost of goods sold of $40 billion, operating expenses of $20 billion, interest

Caterpillar Inc. reported the following for 2023: total revenue of $70 billion, cost of goods sold of $40 billion, operating expenses of $20 billion, interest expense of $3 billion, and tax expense of $4 billion. The total assets were $120 billion, and total liabilities were $50 billion.

  1. Calculate the operating profit margin.
  2. Determine the net profit margin.
  3. Compute the interest coverage ratio.
Determine the debt-to-equity ratio.

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

Horngrens Financial And Managerial Accounting The Financial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

8th Edition

9780137858651

Students also viewed these Accounting questions

Question

1 How have they affected the development of the business?

Answered: 1 week ago