Key figures for the recent two years of both Apple and Google follow. Required 1. Compute profit

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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.

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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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Question Posted: Mar 24, 2017 01:01 AM

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Key figures for the recent two years of both Apple and Google follow. Required 1. Compute profit

Question:

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

Step by Step Answer:

millions 1 Apple Current year profit margin 53394 233715 228 P...View the full answer

Fundamental Accounting Principles

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