Coca-Cola Company
 Data for the year ended December 31, 2023:

Item	Amount
Total Revenue	$400,000,000
Cost of Goods Sold	$200,000,000
Operating Expenses	$150,000,000
Income Tax Expense	$30,000,000
Net Income	$20,000,000

Requirements:

1. Calculate Coca-Cola's gross profit margin.
2. Determine Coca-Cola's operating profit margin.
3. Analyze the impact of income tax expense on Coca-Cola's net income.
4. Discuss how Coca-Cola's revenue recognition policy affects its financial statements.
5. Evaluate Coca-Cola's profitability using the return on equity (ROE) ratio.
6. Explain the significance of the Income Measurement Objective in Coca-Cola’s revenue management and strategic planning.