Key figures for the recent two years of both Research In Motion and Apple follow. Required 1.

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Key figures for the recent two years of both Research In Motion and Apple follow.

Required
1. Compute profit margins for
(a) Research In Motion and
(b) Apple 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: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 01:27 AM

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Key figures for the recent two years of both Research In Motion and Apple follow. Required 1.

Question:

Research In Motion Apple ($ millions) Net income Net sales Current assets... CurrentYear Prior Year Current Year Prior Year $2,457 14,953 5,813 2.432 $1,893 11,065 4,842 2,115 $ 8.235 42,905 31,555 1,506 $6.119 37,49 30,006 11.36

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1 Research In Motion a Current year profit margin 2457 14953 ...View the full answer

Fundamental Accounting Principles

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