Boeing
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$900,000,000
Cost of Goods Sold	$500,000,000
Operating Expenses	$350,000,000
Income Tax Expense	$25,000,000
Net Income	$25,000,000

Requirements:

1. Calculate Boeing's gross profit margin.
2. Determine Boeing's operating profit margin.
3. Analyze the impact of income tax expense on Boeing's net income.
4. Discuss how Boeing recognizes revenue from aircraft sales.
5. Evaluate Boeing's profitability using the return on assets (ROA) ratio.
6. Explain the significance of the Income Measurement Objective in Boeing’s financial management and strategic decisions.