Selected data from the September 27, 2008, and September 29, 2007, consolidated balance sheets and income statements
Question:
Required:
a. Calculate the amount of Apples gross profit for each year. Has gross profit as a percentage of sales changed significantly during the past year?
b. Calculate the amount of Apples operating income for each year. Has operating income as a percentage of sales changed significantly during the past year?
c. After completing parts a and b, calculate the other missing amounts for eachyear.
Transcribed Image Text:
2008 2007 Net Sales Cost of salas... Research and development expensos. .. Seling, general, and administrative expenses Operating income... Other income, net Provision for income taxes.-... Net incme. $32,479 21,334 1,109 3,761 2 2 2,061 $4.834 $24,006 15,852 782 2,963 .. 599 $3.496
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a 2008 2007 Net sales 32479 24006 Cost of sales 21334 15852 Gross profit 11145 8154 Gross profitnet ...View the full answer
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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