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Refer to the income statements of General Electric Company for the fiscal years 2022 and 2021. General Electric Company 2022 2021 Sales $74,196 $70,697 Cost
Refer to the income statements of General Electric Company for the fiscal years 2022 and 2021.
General Electric Company | 2022 | 2021 |
Sales | $74,196 | $70,697 |
Cost of Goods Sold | $43,298 | $41,412 |
Gross Profit | $30,898 | $29,285 |
Operating Expenses | $19,238 | $18,596 |
Net Income | $5,824 | $5,136 |
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.
- Provide an analysis of General Electric Company's financial performance over the two years.
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