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Google LLC's financial records for 2023: Sales Revenue: $180,000,000 Cost of Goods Sold (COGS): $100,000,000 Operating Expenses: $60,000,000 Interest Expense: $3,000,000 Tax Rate: 22% Requirements:

Google LLC's financial records for 2023:

  • Sales Revenue: $180,000,000
  • Cost of Goods Sold (COGS): $100,000,000
  • Operating Expenses: $60,000,000
  • Interest Expense: $3,000,000
  • Tax Rate: 22%

Requirements:

  1. Prepare an income statement for Google LLC for the year 2023.
  2. Calculate the gross profit.
  3. Determine the operating income.
  4. Calculate the net income after taxes.
  5. Analyze the profit margin ratio for Google LLC.

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