Verizon Communications Inc. Financial Summary for 2023: Total Revenue: $130 billion Cost of Goods Sold: $80 billion
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Question:
Verizon Communications Inc. Financial Summary for 2023:
- Total Revenue: $130 billion
- Cost of Goods Sold: $80 billion
- Operating Expenses: $30 billion
- Interest Expense: $7 billion
- Tax Expense: $8 billion
- Total Assets: $250 billion
- Total Liabilities: $120 billion
- Calculate the operating profit margin.
- Determine the net profit margin.
- Compute the times interest earned (TIE) ratio.
- Calculate the equity multiplier.
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