Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the year 2023, Alphabet Inc. reported the following: total revenue of $280 billion, cost of goods sold of $140 billion, operating expenses of $80

For the year 2023, Alphabet Inc. reported the following: total revenue of $280 billion, cost of goods sold of $140 billion, operating expenses of $80 billion, interest expense of $3 billion, and tax expense of $10 billion. The company’s total assets amounted to $450 billion, and its total liabilities were $180 billion.

  1. Calculate the gross profit margin.
  2. Determine the net profit margin.
  3. Compute the interest coverage ratio.
Determine the debt-to-equity ratio.

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

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.

9th Canadian Edition, Volume 2

470964731, 978-0470964736, 978-0470161012

More Books

Students also viewed these Accounting questions