Data for the year ended December 31, 2023:

Item	Amount
Revenue	$22,000,000,000
Cost of Goods Sold	$15,000,000,000
Operating Expenses	$4,000,000,000
Income Tax Expense	$2,000,000,000
Net Income	$1,000,000,000
Total Assets	$55,000,000,000
Total Liabilities	$35,000,000,000
Shareholders' Equity	$20,000,000,000

Requirements:

1. Calculate General Electric's gross profit margin.
2. Determine General Electric's operating profit margin.
3. Analyze the impact of income tax expense on General Electric's net income.
4. Evaluate how General Electric recognizes revenue from various business segments.
5. Explain the significance of the Income Measurement Objective in General Electric's financial strategy.
6. Discuss General Electric's debt-to-equity ratio and liquidity ratios.
7. Analyze the impact of General Electric's financial performance on its restructuring initiatives.