Dell Technologies' financial data for 2023:

• Revenues:
  • Sales Revenue: $320,000,000
  • Other Revenues: $18,000,000
• Expenses:
  • COGS: $200,000,000
  • Operating Expenses: $100,000,000
  • Interest Expense: $5,000,000
  • Tax Rate: 21%

Requirements:

1. Prepare an income statement for Dell Technologies for the year 2023.
2. Calculate the gross profit.
3. Calculate the operating income.
4. Calculate the net income after taxes.
5. Compute the profit margin ratio for Dell Technologies.