Company: The Home Depot, Inc.
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$120,000,000,000
Cost of Goods Sold	$80,000,000,000
Operating Expenses	$30,000,000,000
Income Tax Expense	$10,000,000,000
Net Income	$20,000,000,000
Total Assets	$150,000,000,000
Total Liabilities	$80,000,000,000
Shareholders' Equity	$70,000,000,000

Requirements:

1. Calculate The Home Depot's gross profit margin.
2. Determine The Home Depot's operating profit margin.
3. Analyze the impact of income tax expense on The Home Depot's net income.
4. Evaluate how The Home Depot recognizes revenue from retail sales.
5. Explain the significance of the Income Measurement Objective in The Home Depot's financial strategy.
6. Discuss The Home Depot's inventory turnover ratio and accounts payable turnover ratio.
7. Analyze the impact of The Home Depot's financial performance on its expansion into online retail.