Amazon.com, Inc.
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$800,000,000
Cost of Goods Sold	$400,000,000
Operating Expenses	$300,000,000
Income Tax Expense	$100,000,000
Net Income	$100,000,000
Total Assets	$1,000,000,000
Total Liabilities	$500,000,000
Shareholders' Equity	$500,000,000

Requirements:

1. Calculate Amazon's gross profit margin.
2. Determine Amazon's operating profit margin.
3. Analyze the impact of income tax expense on Amazon's net income.
4. Evaluate how Amazon recognizes revenue from e-commerce sales.
5. Explain the significance of the Income Measurement Objective in Amazon's financial planning.
6. Discuss Amazon's current ratio and quick ratio.
7. Analyze the impact of Amazon's financial performance on its logistics operations.