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Microsoft Corporation operates in the software industry. For the year ended December 31, 20X3, the company reported the following information: Total revenue: $45,000,000 Cost of
Microsoft Corporation operates in the software industry. For the year ended December 31, 20X3, the company reported the following information:
- Total revenue: $45,000,000
- Cost of goods sold: $18,000,000
- Selling and administrative expenses: $9,000,000
- Other operating expenses: $5,000,000
- Income tax expense: $7,000,000 Calculate the company's net income, gross profit margin, operating income, and net profit margin.
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