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Facebook, Inc. provided the following information for the fiscal year ending December 31, 2023: Sales revenue: $1,000,000,000 Cost of goods sold: $300,000,000 Selling expenses: $150,000,000
Facebook, Inc. provided the following information for the fiscal year ending December 31, 2023:
- Sales revenue: $1,000,000,000
- Cost of goods sold: $300,000,000
- Selling expenses: $150,000,000
- Administrative expenses: $100,000,000
- Other income: $50,000,000
- Other expenses: $20,000,000 Calculate the Earnings Before Interest and Taxes (EBIT) for Facebook, Inc. and determine its EBIT margin.
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