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Facebook, Inc. reported the following financial information for the year ending December 31, 2023: Total Revenue: $150 billion Cost of Goods Sold (COGS): $50 billion

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

    • Total Revenue: $150 billion
    • Cost of Goods Sold (COGS): $50 billion
    • Operating Expenses: $60 billion
    • Other Income: $15 billion
    • Tax Expense: $25 billion

a) Calculate the gross profit.

b) Determine the operating profit.

c) Compute the net profit before tax.

d) Calculate the net profit after tax, assuming a tax rate of 20%.

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