Meta Platforms, Inc. recorded total revenues of $150 billion and a cost of goods sold of $60
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Question:
Meta Platforms, Inc. recorded total revenues of $150 billion and a cost of goods sold of $60 billion for 2023. The operating expenses were $50 billion, while the interest expense was $2 billion, and tax expense was $10 billion. The total assets of the company were reported to be $250 billion and total liabilities were $100 billion.
- Calculate the gross profit margin.
- Determine the operating profit margin.
- Compute the interest coverage ratio.
- Determine the return on equity (ROE).
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