Question 13

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Company: ExxonMobil Corporation

ExxonMobil Corporation has the following data for the year 2023:

• Net Sales: $500,000
• Cost of Goods Sold: $300,000
• Operating Expenses: $100,000
• Interest Expense: $20,000
• Tax Expense: $30,000

Prepare the income statement and calculate the net profit margin for ExxonMobil Corporation for the year 2023.