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Microsoft Corporation presented the following income statement for the year ended June 30, 2023: Item Amount (in millions) Revenue $168,088 Cost of Revenue $50,422 Gross

Microsoft Corporation presented the following income statement for the year ended June 30, 2023:

Item

Amount (in millions)

Revenue

$168,088

Cost of Revenue

$50,422

Gross Profit

$117,666

Operating Expenses

$61,792

Operating Income

$55,874

Interest Expense

$545

Income Before Taxes

$56,077

Income Tax Expense

$14,135

Net Income

$41,942

a. Compute Microsoft Corporation's gross profit margin. b. Determine the operating income margin for Microsoft Corporation. c. Discuss the impact of Microsoft Corporation's operating expenses on its profitability. d. Analyze the net income trend of Microsoft Corporation over the past five fiscal years.

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