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Spotify reported the following for 2023: Total Revenue: $80 million Cost of Services: $50 million Operating Expenses: $20 million Interest Expense: $2 million Tax Expense:
Spotify reported the following for 2023:
•Total Revenue: $80 million
•Cost of Services: $50 million
•Operating Expenses: $20 million
•Interest Expense: $2 million
•Tax Expense: $3 million
•Total Assets: $100 million
•Total Liabilities: $45 million
•Calculate the operating profit margin.
•Determine the net profit margin.
•Compute the interest coverage ratio and the debt-to-equity ratio.
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