Company: Verizon Communications Inc.
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$120,000,000,000
Cost of Goods Sold	$50,000,000,000
Operating Expenses	$40,000,000,000
Income Tax Expense	$15,000,000,000
Net Income	$15,000,000,000
Total Assets	$250,000,000,000
Total Liabilities	$150,000,000,000
Shareholders' Equity	$100,000,000,000

Requirements:

1. Calculate Verizon's gross profit margin.
2. Determine Verizon's operating profit margin.
3. Analyze the impact of income tax expense on Verizon's net income.
4. Evaluate how Verizon recognizes revenue from telecommunications services.
5. Explain the significance of the Income Measurement Objective in Verizon's financial strategy.
6. Discuss Verizon's return on assets (ROA) and return on equity (ROE).
7. Perform a Cost-Benefit Analysis of Verizon's investment in 5G network expansion.