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General Electric Company reported the following financial information for the year ending December 31, 2023: Total Revenue: $80 billion Cost of Goods Sold (COGS): $30

  1. General Electric Company reported the following financial information for the year ending December 31, 2023:

    • Total Revenue: $80 billion
    • Cost of Goods Sold (COGS): $30 billion
    • Operating Expenses: $35 billion
    • Other Income: $3 billion
    • Tax Expense: $12 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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