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General Electric (GE) provided the following data for the year ended December 31, 2023: Sales revenue: $25,000,000 Cost of goods sold: $15,000,000 Operating expenses: $6,000,000
General Electric (GE) provided the following data for the year ended December 31, 2023:
- Sales revenue: $25,000,000
- Cost of goods sold: $15,000,000
- Operating expenses: $6,000,000
- Interest expense: $500,000
- Other income: $300,000
- Income tax expense: $1,200,000
Calculate the gross margin, operating income, and net income for General Electric for the year ended December 31, 2023.
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