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

Item	Amount
Total Revenue	$600,000,000
Cost of Goods Sold	$350,000,000
Operating Expenses	$200,000,000
Income Tax Expense	$30,000,000
Net Income	$20,000,000

Requirements:

1. Calculate Intel's gross profit margin.
2. Determine Intel's operating profit margin.
3. Analyze the impact of income tax expense on Intel's net income.
4. Discuss how Intel's revenue recognition policy affects its financial statements.
5. Evaluate Intel's profitability using the return on assets (ROA) ratio.
6. Explain the importance of the Income Measurement Objective in Intel’s revenue management and investor transparency.