Microsoft Corporation's income statement for the quarter ending March 31, 2024, and address the following:

• Analyze the trend in Microsoft's revenue growth over the past three quarters and identify any significant changes or trends. (Q1 Revenue: $40,000,000; Q2 Revenue: $45,000,000; Q3 Revenue: $50,000,000)
• Calculate Microsoft's operating income and net income margins for the quarter and compare them to industry benchmarks. (Operating Income: $15,000,000; Net Income: $10,000,000; Total Revenue: $50,000,000)
• Evaluate the impact of Microsoft's operating expenses, including research and development (R&D) expenses, on its overall profitability and operating performance. (R&D Expenses: $5,000,000; Operating Expenses: $20,000,000)