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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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Question

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:

  1. Calculate Oracle's gross profit margin.
  2. Determine Oracle's operating profit margin.
  3. Analyze the impact of income tax expense on Oracle's net income.
  4. Discuss how Oracle recognizes revenue from cloud services.
  5. Evaluate Oracle's profitability using the return on assets (ROA) ratio.
  6. Explain the role of the Income Measurement Objective in Oracle’s financial planning and performance evaluation.

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