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Data for the year ended December 31, 2023: Item Amount Revenue $90,000,000,000 Cost of Goods Sold $70,000,000,000 Operating Expenses $15,000,000,000 Income Tax Expense $5,000,000,000 Net

Data for the year ended December 31, 2023:

Item

Amount

Revenue

$90,000,000,000

Cost of Goods Sold

$70,000,000,000

Operating Expenses

$15,000,000,000

Income Tax Expense

$5,000,000,000

Net Income

$5,000,000,000

Total Assets

$250,000,000,000

Total Liabilities

$150,000,000,000

Shareholders' Equity

$100,000,000,000

Requirements:

  1. Calculate General Motors' gross profit margin.
  2. Determine General Motors' operating profit margin.
  3. Analyze the impact of income tax expense on General Motors' net income.
  4. Evaluate how General Motors recognizes revenue from automotive sales.
  5. Explain the significance of the Income Measurement Objective in General Motors' financial reporting.
  6. Discuss General Motors' debt-to-equity ratio and liquidity position.
  7. Perform a Cost-Benefit Analysis of General Motors' investment in electric vehicle technology.

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