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

Item	Amount
Revenue	$1,800,000,000
Cost of Goods Sold	$1,100,000,000
Operating Expenses	$600,000,000
Income Tax Expense	$70,000,000
Net Income	$30,000,000

Requirements:

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