IBM Corporation
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$15,000,000,000
Cost of Goods Sold	$8,000,000,000
Operating Expenses	$5,000,000,000
Income Tax Expense	$2,000,000,000
Net Income	$3,000,000,000
Total Assets	$50,000,000,000
Total Liabilities	$30,000,000,000
Shareholders' Equity	$20,000,000,000

Requirements:

1. Calculate IBM's gross profit margin.
2. Determine IBM's operating profit margin.
3. Analyze the impact of income tax expense on IBM's net income.
4. Evaluate how IBM recognizes revenue from software and services.
5. Explain the significance of the Income Measurement Objective in IBM's financial strategy.
6. Discuss IBM's debt-to-equity ratio and liquidity ratios.
7. Analyze the impact of IBM's financial performance on its artificial intelligence initiatives.