IBM reported the following financial details for 2023. They had a total revenue of $90 billion, with
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IBM reported the following financial details for 2023. They had a total revenue of $90 billion, with a cost of goods sold amounting to $55 billion. Their operating expenses were $20 billion, and they incurred an interest expense of $3 billion and a tax expense of $5 billion. The total assets of the company stood at $130 billion while the total liabilities were $60 billion.
- Calculate the gross profit margin.
- Determine the operating profit margin.
- Compute the interest coverage ratio.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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