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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
- 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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