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