Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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%

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Marshall B. Romney, Paul J. Steinbart

12th edition

132552620, 978-0132552622

More Books

Students also viewed these Accounting questions