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Johnson Controls International Data for the year ended December 31, 2023: Item Amount Revenue $18,000,000,000 Cost of Goods Sold $10,000,000,000 Operating Expenses $5,000,000,000 Income

Johnson Controls International
 Data for the year ended December 31, 2023:

Item

Amount

Revenue

$18,000,000,000

Cost of Goods Sold

$10,000,000,000

Operating Expenses

$5,000,000,000

Income Tax Expense

$2,000,000,000

Net Income

$1,000,000,000

Total Assets

$40,000,000,000

Total Liabilities

$20,000,000,000

Shareholders' Equity

$20,000,000,000

Requirements:

  1. Calculate Johnson Controls' gross profit margin.
  2. Determine Johnson Controls' operating profit margin.

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