Refer to the income statements of Dell Inc. included in the company's financial statements in Appendix B

Question:

Refer to the income statements of Dell Inc. included in the company's in Appendix B at the back of the text.

Required:
1. What was the percentage increase or decrease in the company's net income from 2008 to 2009? From 2007 to 2008?
2. Using 2009 data, what is the company's approximate income tax rate?
3. Using 2009 data, what is the percentage of net income relative to revenue dollars?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...