Key figures for the recent two years of both Apple and Google follow. Required 1. Compute profit
Question:
Key figures for the recent two years of both Apple and Google follow.
Required
1. Compute profit margins for (a) Apple and (b) Google for the two years of data shown.
2. Which company is more successful on the basis of profit margin? Explain.
Transcribed Image Text:
Apple Google $ mllons Net Income Net sales Current Year Prior Year Current Year Prior Year 53,394 233,715 39,510 182,795 $16,348 74,989 $14,136 66,001
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millions 1 Apple Current year profit margin 53394 233715 228 P...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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