Question
Oracle Corporation Data for the year ended December 31, 2023: Item Amount Revenue $1,200,000,000 Cost of Goods Sold $700,000,000 Operating Expenses $400,000,000 Income Tax
Oracle Corporation
Data for the year ended December 31, 2023:
Item | Amount |
Revenue | $1,200,000,000 |
Cost of Goods Sold | $700,000,000 |
Operating Expenses | $400,000,000 |
Income Tax Expense | $50,000,000 |
Net Income | $50,000,000 |
Requirements:
- Calculate Oracle's gross profit margin.
- Determine Oracle's operating profit margin.
- Analyze the impact of income tax expense on Oracle's net income.
- Discuss how Oracle recognizes revenue from cloud services.
- Evaluate Oracle's profitability using the return on assets (ROA) ratio.
- Explain the significance of the Income Measurement Objective in Oracle’s financial planning and strategic growth.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
