Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Compare the net income margins of Facebook, Inc. and Amazon.com, Inc. for the fiscal year 2023: Company Facebook, Inc. Amazon.com, Inc. Net Sales Revenue $80
Compare the net income margins of Facebook, Inc. and Amazon.com, Inc. for the fiscal year 2023:
Company | Facebook, Inc. | Amazon.com, Inc. |
Net Sales Revenue | $80 billion | $200 billion |
Operating Expenses | $40 billion | $150 billion |
Other Income/Expenses | $5 billion | $10 billion |
Net Income |
Question:
- Calculate the net income for both Facebook, Inc. and Amazon.com, Inc. for the fiscal year 2023.
- Which company has a higher net income margin?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started