Company: Boeing
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$1,300,000,000
Cost of Goods Sold	$800,000,000
Operating Expenses	$400,000,000
Income Tax Expense	$50,000,000
Net Income	$50,000,000

Requirements:

1. Calculate Boeing's gross profit margin.
2. Determine Boeing's operating profit margin.
3. Discuss the effect of operating expenses on Boeing's profitability.
4. Evaluate how Boeing recognizes revenue from aircraft sales.
5. Explain the significance of the Income Measurement Objective in Boeing's financial planning.
6. Analyze the impact of Boeing's financial performance on its research and development investments.