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Company: Facebook (Meta Platforms Inc.) Data for the year ended December 31, 2023: Item Amount Revenue $700,000,000 Cost of Goods Sold $300,000,000 Operating Expenses
Company: Facebook (Meta Platforms Inc.)
Data for the year ended December 31, 2023:
Item | Amount |
Revenue | $700,000,000 |
Cost of Goods Sold | $300,000,000 |
Operating Expenses | $200,000,000 |
Income Tax Expense | $80,000,000 |
Net Income | $120,000,000 |
Total Assets | $800,000,000 |
Total Liabilities | $400,000,000 |
Shareholders' Equity | $400,000,000 |
Requirements:
- Calculate Facebook's gross profit margin.
- Determine Facebook's operating profit margin.
- Analyze the impact of income tax expense on Facebook's net income.
- Evaluate how Facebook recognizes revenue from social media advertising.
- Explain the significance of the Income Measurement Objective in Facebook's financial performance.
- Discuss Facebook's debt-to-equity ratio and liquidity position.
- Perform a Cost-Benefit Analysis of Facebook's investment in virtual reality technology.
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