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Procter & Gamble reported the following information for its fiscal year-end: On net sales of $51.407 billion, the company earned net income after taxes of $6.481 billion. It had a cost of goods sold of $25.076 billion and an EBIT of $9.827 billion. What are the company's gross profit margin, operating profit margin, and net profit margin?

Procter & Gamble reported the following information for its fiscal year-end: On net sales of $51.407 billion, the company earned net income after taxes of $6.481 billion. It had a cost of goods sold of $25.076 billion and an EBIT of $9.827 billion. What are the company's gross profit margin, operating profit margin, and net profit margin?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Procter & Gamble reported the following information for its fiscal year-end: On net sales of $51.407 billion, the company earned net income after taxes of $6.481 billion. It had a cost of goods sold of $25.076 billion and an EBIT of $9.827 billion. What are the company's gross profit margin, operating profit margin, and net profit margin?
Transcribed Image Text:Procter & Gamble reported the following information for its fiscal year-end: On net sales of $51.407 billion, the company earned net income after taxes of $6.481 billion. It had a cost of goods sold of $25.076 billion and an EBIT of $9.827 billion. What are the company's gross profit margin, operating profit margin, and net profit margin?
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