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Facebook, Inc. reported the following figures for the year ending December 31, 2023: Net Sales: $110.5 billion Cost of Goods Sold (COGS): $18.9 billion Operating

Facebook, Inc. reported the following figures for the year ending December 31, 2023:

  • Net Sales: $110.5 billion
  • Cost of Goods Sold (COGS): $18.9 billion
  • Operating Expenses: $50.2 billion Calculate: a) Gross profit margin. b) Operating profit margin. c) Net profit margin if the net income for the year is $40 billion.

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