Procter & Gamble's financial data for 2023:

• Revenues:
  • Sales Revenue: $300,000,000
  • Other Revenues: $12,000,000
• Expenses:
  • COGS: $180,000,000
  • Operating Expenses: $90,000,000
  • Interest Expense: $3,000,000
  • Tax Rate: 21%

Requirements:

1. Prepare an income statement for Procter & Gamble for the year 2023.
2. Calculate the gross profit.
3. Calculate the operating income.
4. Calculate the net income after taxes.
5. Compute the profit margin ratio for Procter & Gamble.