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You are an analyst. Your firm has assigned you to generate a report regarding the profitability of XYZ Corp. The firm's income statement is:

You are an analyst. Your firm has assigned you to generate a report regarding the profitability of XYZ Corp. The firm's income statement is:
\table[[Income Statement,,,2023,2022],[Sales,,,145,142],[Cost of Goods Sold,,,25,62],[Gross Profit,,,120,80],[Selling and Admin Expenses (SG&A),,,13,6],[Research and Development (R&D),,,6,5],[Depreciation & Amortization,,,10,8],[Operating Income,,,91,61],[Other Income (Loss),,,0,-2],[Earnings Before Interest and Taxes (EBIT),,,91,59],[Interest Expense,,,24,8],[Pre-Tax Income,,,67,51],[Taxes,,,27,20],[Net Income,,,40,31],[Earnings Per Share (6 million shares),,,$6.67,$5.17
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