Question

Using the information provided, indicate how much the total Net Operating Profit BEFORE taxes would be (Net Operating Profit BEFORE tax = NOPBT). Tip: It is recommended to first identify the operating accounts of the state in order to answer the question. ABC, Inc. Consolidated Income Statement For the year that ended on December 31, 2023 $ millions Net sales $ 92,000 Cost of sales (costo inventario vendido) (27,600) Gross profit 64,400 Operating expenses: Selling, general and administrative expenses 13,800 Research, development & engineering expenses 4,600 Restructuring charges 92 Depreciation and amortization expense 920 Total operating expenses 19,412 Operating income 44,988 other revenues and other expenses: Interest expense 1,104 Interest revenue 460 Investment income from equity method 92 Dividend revenue 138 Loss for sale of equipment 184 Earnings before income taxes 44,758 Income tax expense (benefit) 2,300 Net Income $ 42,458

          Using the information provided, indicate how much the total Net Operating Profit BEFORE taxes would be (Net Operating Profit BEFORE tax = NOPBT). Tip: It is recommended to first identify the operating accounts of the state in order to answer the question.

ABC, Inc.
Consolidated Income Statement
For the year that ended on December 31, 2023	$ millions
Net sales	 $ 92,000
Cost of sales (costo inventario vendido)	(27,600)
Gross profit	64,400
Operating expenses:	 
   Selling, general and administrative expenses	13,800
   Research, development & engineering expenses	4,600
   Restructuring charges 	92
   Depreciation and amortization expense	920
Total operating expenses	19,412
Operating income	44,988
other revenues and other expenses:	 
   Interest expense	1,104
   Interest revenue	460
   Investment income from equity method	92
   Dividend revenue	138
   Loss for sale of equipment	184
Earnings before income taxes	44,758
   Income tax expense (benefit)	2,300
Net Income	 $ 42,458

Added by Latoya J.

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