XYZ Corporation has the following information for the year ended December 31, 2022:

Sales revenue: $1,500,000
Cost of goods sold: $750,000
Operating expenses: $200,000
Interest expense: $50,000
Tax rate: 25%

Calculate the following for XYZ Corporation for the year ended December 31, 2022:

a) Gross profit
b) Net profit
c) Gross profit margin
d) Net profit margin

Answer rating: 100% (QA)

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