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Financial Overview for AT&T Inc. for 2023: Income Statement Data (in millions): Revenue: $171,760 Cost of Goods Sold: $91,300 Selling, General and Administrative: $51,300 Research
Financial Overview for AT&T Inc. for 2023:
Income Statement Data (in millions):
- Revenue: $171,760
- Cost of Goods Sold: $91,300
- Selling, General and Administrative: $51,300
- Research and Development: $8,500
- Interest Expense: $9,600
- Tax Rate: 21%
Requirements:
- Prepare the Income Statement for AT&T Inc. for 2023.
- Compute the Gross Margin.
- Determine the Operating Income.
- Calculate the Net Income after taxes.
- Assess the return on sales (ROS) ratio for AT&T Inc.
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