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Kurdistan Cement Company reported the following information for the year ended December 31, 2023: Sales Revenue: IQD 80,000,000 Cost of Goods Sold: IQD 40,000,000 Operating


  1. Kurdistan Cement Company reported the following information for the year ended December 31, 2023:
  • Sales Revenue: IQD 80,000,000
  • Cost of Goods Sold: IQD 40,000,000
  • Operating Expenses: IQD 20,000,000
  • Interest Expense: IQD 2,000,000
  • Dividend Revenue: IQD 1,000,000
  • Gain on Sale of Equipment: IQD 3,000,000
  • Loss from Lawsuit Settlement: IQD 2,500,000

Compute: a) Kurdistan Cement Company's gross profit margin and operating profit margin. b) Net income after tax (assuming a tax rate of 20%).

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