Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cisco Systems, Inc. reported the following financial details for 2023. They had a total revenue of $55 billion, with a cost of goods sold amounting

Cisco Systems, Inc. reported the following financial details for 2023. They had a total revenue of $55 billion, with a cost of goods sold amounting to $30 billion. Their operating expenses were $15 billion, and they incurred an interest expense of $2 billion and a tax expense of $4 billion. The total assets of the company stood at $90 billion while the total liabilities were $40 billion.

  1. Calculate the gross profit margin.
  2. Determine the operating profit margin.
  3. Compute the interest coverage ratio.
  4. Determine the return on equity (ROE).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Accounting Theory Conceptual Issues in a Political and Economic Environment

Authors: Harry Wolk, James Dodd, John Rozycki

8th edition

1412991692, 978-1412991698

More Books

Students also viewed these Accounting questions