·Company: Toyota Motor Corporation

Toyota Motor Corporation reported the following financial information for the year ending December 31, 2023:

• Total Revenue: $250 billion
• Cost of Goods Sold (COGS): $150 billion
• Operating Expenses: $50 billion
• Other Income: $10 billion
• Tax Expense: $20 billion

a) Calculate the gross profit. b) Determine the operating profit. c) Compute the net profit before tax. d) Calculate the net profit after tax, assuming a tax rate of 22%.