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IBM disclosed total costs of goods sold (COGS) amounting to $40 billion for the fiscal year 2020. With IBM's revenue standing at $77 billion for

IBM disclosed total costs of goods sold (COGS) amounting to $40 billion for the fiscal year 2020. With IBM's revenue standing at $77 billion for the same period, calculate the gross profit margin and discuss how variations in COGS can impact IBM's profitability and operational efficiency.

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