Lockheed Martin Corporation
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$70,000,000,000
Cost of Goods Sold	$50,000,000,000
Operating Expenses	$15,000,000,000
Income Tax Expense	$8,000,000,000
Net Income	$7,000,000,000
Total Assets	$200,000,000,000
Total Liabilities	$100,000,000,000
Shareholders' Equity	$100,000,000,000

Requirements:

1. Calculate Lockheed Martin's gross profit margin.
2. Determine Lockheed Martin's operating profit margin.
3. Analyze the impact of income tax expense on Lockheed Martin's net income.
4. Evaluate how Lockheed Martin recognizes revenue from defense contracts.
5. Explain the significance of the Income Measurement Objective in Lockheed Martin's financial reporting.
6. Discuss Lockheed Martin's return on assets (ROA) and return on equity (ROE).
7. Perform a Cost-Benefit Analysis of Lockheed Martin's investment in aerospace technology.