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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

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.

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