PepsiCo, Inc.
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$700,000,000
Cost of Goods Sold	$400,000,000
Operating Expenses	$200,000,000
Income Tax Expense	$50,000,000
Net Income	$50,000,000

Requirements:

1. Calculate PepsiCo's gross profit margin.
2. Determine PepsiCo's operating profit margin.
3. Analyze the impact of income tax expense on PepsiCo's net income.
4. Discuss how PepsiCo recognizes revenue from beverage sales.
5. Evaluate PepsiCo's profitability using the return on equity (ROE) ratio.
6. Explain the significance of the Income Measurement Objective in PepsiCo’s financial strategies and operational efficiency.