Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company: Alphabet Inc. Alphabet Inc., the parent company of Google, exhibited impressive financial performance in the year ending December 31, 2023. The company generated total

Company: Alphabet Inc.

Alphabet Inc., the parent company of Google, exhibited impressive financial performance in the year ending December 31, 2023. The company generated total revenue of $300 billion, with a cost of goods sold (COGS) of $100 billion and operating expenses of $120 billion. Net income amounted to $50 billion. Based on this information: a) Calculate the gross profit margin. b) Determine the operating profit margin. c) Compute the net profit margin. d) Evaluate the return on equity (ROE) if shareholders' equity is $200 billion.

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

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

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

25th edition

978-1285069609, 1285069609, 978-1133607601

More Books

Students also viewed these Accounting questions

Question

Psychological issues associated with officiating/refereeing

Answered: 1 week ago