Company XYZ has the following financial information for the year 2022:

• Sales revenue: $2,000,000
• Cost of goods sold: $1,200,000
• Operating expenses: $500,000
• Interest expense: $100,000
• Income tax rate: 25%

Calculate the following financial ratios for Company XYZ:

a) Gross profit margin

b) Operating profit margin

c) Net profit margin