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Coca-Cola's financial records for 2023: Sales Revenue: $210,000,000 Cost of Goods Sold (COGS): $125,000,000 Operating Expenses: $65,000,000 Interest Expense: $2,200,000 Tax Rate: 24% Requirements: Prepare
Coca-Cola's financial records for 2023:
- Sales Revenue: $210,000,000
- Cost of Goods Sold (COGS): $125,000,000
- Operating Expenses: $65,000,000
- Interest Expense: $2,200,000
- Tax Rate: 24%
Requirements:
- Prepare an income statement for Coca-Cola for the year 2023.
- Calculate the gross profit.
- Determine the operating income.
- Calculate the net income after taxes.
- Analyze the profit margin ratio for Coca-Cola.
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