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Refer to the following income statements of AT&T Inc. for the fiscal years 2022 and 2021. AT&T Inc. 2022 2021 Sales $168,864 $167,821 Cost of

Refer to the following income statements of AT&T Inc. for the fiscal years 2022 and 2021.

AT&T Inc.

2022

2021

Sales

$168,864

$167,821

Cost of Goods Sold

$75,435

$73,678

Gross Profit

$93,429

$94,143

Operating Expenses

$45,763

$45,098

Net Income

$29,556

$27,827

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Analyze the profitability trends of AT&T Inc. from 2021 to 2022.

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