Oracle Corporation Data for the year ended December 31, 2023:ItemAmountTotal Revenue$600,000,000Cost of Goods Sold$400,000,000Operating Expenses$150,000,000Income Tax...
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Accounting
Oracle Corporation
Data for the year ended December 31, 2023:
Item | Amount |
Total Revenue | $600,000,000 |
Cost of Goods Sold | $400,000,000 |
Operating Expenses | $150,000,000 |
Income Tax Expense | $30,000,000 |
Net Income | $20,000,000 |
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 role of the Income Measurement Objective in Oracle’s financial planning and performance evaluation.
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