Question
Microsoft Corporation has the following data for 2023: Net Sales: $2,000,000 Cost of Goods Sold: $1,200,000 Operating Expenses: $500,000 Interest Expense: $60,000 Tax Expense: $120,000
Microsoft Corporation has the following data for 2023:
- Net Sales: $2,000,000
- Cost of Goods Sold: $1,200,000
- Operating Expenses: $500,000
- Interest Expense: $60,000
- Tax Expense: $120,000
Prepare the income statement and calculate the gross profit margin and net profit margin for Microsoft Corporation for the year 2023.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
