Sony Corporation
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$1,500,000,000
Cost of Goods Sold	$900,000,000
Operating Expenses	$500,000,000
Income Tax Expense	$60,000,000
Net Income	$40,000,000

Requirements:

1. Calculate Sony's gross profit margin.
2. Determine Sony's operating profit margin.
3. Discuss the effect of operating expenses on Sony's profitability.
4. Evaluate how Sony recognizes revenue from electronics sales.
5. Explain the significance of the Income Measurement Objective in Sony's financial planning.
6. Analyze the impact of Sony's financial performance on its technological innovation.