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

Item	Amount
Revenue	$2,000,000,000
Cost of Goods Sold	$1,200,000,000
Operating Expenses	$600,000,000
Income Tax Expense	$100,000,000
Net Income	$100,000,000

Requirements:

1. Calculate Amazon's gross profit margin.
2. Determine Amazon's operating profit margin.
3. Discuss the effect of operating expenses on Amazon's profitability.
4. Evaluate how Amazon recognizes revenue from e-commerce sales.
5. Explain the significance of the Income Measurement Objective in Amazon's financial reporting.
6. Analyze the impact of Amazon's financial performance on its global expansion strategy.