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Company: IBM IBM provides information technology products and services. For the year ended December 31, 20X0, the company reported the following information: Total revenue: $25,000,000

Company: IBM IBM provides information technology products and services. For the year ended December 31, 20X0, the company reported the following information:

  • Total revenue: $25,000,000
  • Cost of goods sold: $10,000,000
  • Selling and administrative expenses: $6,000,000
  • Other operating expenses: $3,000,000
  • Income tax expense: $4,000,000 Calculate the company's net income, gross profit margin, operating income, and net profit margin.                  

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