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Verizon Communications Inc. is a multinational telecommunications conglomerate. For the quarter ended March 31, 20X6, the company reported the following financial data: Total revenue: $25,000,000
Verizon Communications Inc. is a multinational telecommunications conglomerate. For the quarter ended March 31, 20X6, the company reported the following financial data:
- Total revenue: $25,000,000
- Cost of goods sold: $10,000,000
- Selling and administrative expenses: $6,000,000
- Other operating expenses: $3,000,000
- Income tax expense: $4,000,000 Calculate the company's net income, gross profit margin, operating income, and net profit margin.
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