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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:

  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. Provide an analysis of General Electric Company's financial performance over the two years.

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