Key comparative figures for Apple and Google follow. Required 1. Compute the amount of gross margin and

Question:

Key comparative figures for Apple and Google follow.

Required

1. Compute the amount of gross margin and the gross margin ratio for the two years shown for each of these companies.

2. Which company earns more in gross margin for each dollar of net sales for the current year?

3. Does the company’s current-year gross margin underperform or outperform the 35% industry average in the case of (a) Apple and (b) Google?

4. Is the change in the company’s current-year gross margin favorable or unfavorable for

(a) Apple

(b) Google?

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Financial Accounting Information For Decisions

ISBN: 9781260705584

10th Edition

Authors: John J. Wild

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Question Posted: Aug 23, 2021 07:24 AM

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Key comparative figures for Apple and Google follow. Required 1. Compute the amount of gross margin and

Question:

Apple Google $ millons Current Year Prior Year Current Year Prior Year Net sales ... Cost of sales... $265,595 $229,234 $136,819 $110,855 163,756 141,048 59,549 45,583

Step by Step Answer:

ANSWER 1 Gross Margin Google Prior Year 110855 59549 ...View the full answer

Financial Accounting Information For Decisions

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