Consider the financial data of IBM Corporation for the fiscal year ending December 31, 2023, as presented in the table below. Answer the following questions:

Metric	Value (in millions)
Revenue	$35,000
Cost of Goods Sold (COGS)	$20,000
Gross Profit
Operating Expenses	$10,000
Net Income	$8,000
Total Assets	$180,000
Total Liabilities	$100,000
Shareholders' Equity

Requirements:

1. Calculate the Gross Profit for IBM Corporation.
2. Determine the Gross Profit Margin as a percentage of revenue.
3. Compute the Return on Assets (ROA) and Return on Equity (ROE) for IBM Corporation.
4. Analyze the financial leverage of IBM Corporation by calculating the Debt-to-Equity ratio.