Question
Google LLC (Alphabet Inc.) provided the following income statement for the year ended December 31, 2023: Item Amount (in millions) Revenue $253,054 Cost of Revenue
Google LLC (Alphabet Inc.) provided the following income statement for the year ended December 31, 2023:
Item | Amount (in millions) |
Revenue | $253,054 |
Cost of Revenue | $94,032 |
Gross Profit | $159,022 |
Operating Expenses | $90,187 |
Operating Income | $68,835 |
Interest Expense | $849 |
Income Before Taxes | $68,710 |
Income Tax Expense | $14,236 |
Net Income | $54,474 |
a. Compute Google LLC's gross profit margin. b. Determine the operating income margin for Google LLC. c. Discuss the impact of Google LLC's interest expense on its profitability. d. Analyze the effective tax rate of Google LLC and compare it with industry standards.
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