Answer:
The company’s gross profit margin, operating profit margin, and net profit margin is 64.59%, 18.42% and 11.89%
Explanation:
The ratios are shown below:
1. Gross profit margin = (Gross profit ÷ net sales) × 100
where,
Gross profit = Net sales - the cost of goods sold
= $57.690 billion - $20.430 billion
= $37.26 billion
And, the net sales is $57.690 billion
Now put these values to the above formula
So, the ratio would equal to
= $37.26 billion ÷ $57.690 billion
= 64.59%
2. Operating profit margin
= (EBIT ÷ net sales) × 100
= $10.626 billion ÷ $57.690 billion
= 18.42%
3. Net profit margin
= (Net income after taxes ÷ net sales) × 100
= $6.856 billion ÷ $57.690 billion
= 11.89%
