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

Item	Amount
Revenue	$600,000,000
Cost of Goods Sold	$400,000,000
Operating Expenses	$150,000,000
Income Tax Expense	$50,000,000
Net Income	$100,000,000
Total Assets	$2,000,000,000
Total Liabilities	$1,000,000,000
Shareholders' Equity	$1,000,000,000

Requirements:

1. Calculate Walmart's gross profit margin.
2. Determine Walmart's operating profit margin.
3. Analyze the impact of income tax expense on Walmart's net income.
4. Evaluate how Walmart recognizes revenue from retail sales.
5. Explain the significance of the Income Measurement Objective in Walmart's financial planning.
6. Discuss Walmart's inventory turnover ratio and accounts receivable turnover ratio.
7. Analyze the impact of Walmart's financial performance on its store expansion strategy.