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Refer to the income statements of Intel Corporation for the years ended December 31, 2022, and 2021. Intel Corporation 2022 2021 Sales $79,024 $77,867 Cost
Refer to the income statements of Intel Corporation for the years ended December 31, 2022, and 2021.
Intel Corporation | 2022 | 2021 |
Sales | $79,024 | $77,867 |
Cost of Goods Sold | $32,999 | $30,896 |
Gross Profit | $46,025 | $46,971 |
Operating Expenses | $18,567 | $17,435 |
Net Income | $22,907 | $22,374 |
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.
- Discuss the profitability trends of Intel Corporation over the two-year period.
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