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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:

  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. Discuss the profitability trends of Intel Corporation over the two-year period.

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