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Refer to the following income statements of Meta Platforms Inc. (Facebook) for the fiscal years 2022 and 2021. Meta Platforms Inc. 2022 2021 Sales $118,634
Refer to the following income statements of Meta Platforms Inc. (Facebook) for the fiscal years 2022 and 2021.
Meta Platforms Inc. | 2022 | 2021 |
Sales | $118,634 | $117,929 |
Cost of Goods Sold | $32,964 | $31,235 |
Gross Profit | $85,670 | $86,694 |
Operating Expenses | $48,965 | $45,746 |
Net Income | $34,392 | $39,370 |
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 factors affecting Meta Platforms Inc.'s profitability in 2022.
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