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 reported above.

2. In the prior year, which company is more successful on the basis of profit margin?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 25, 2021 03:33 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 $ millions Current Year Prior Year Current Year Prior Year Net income $ 55,256 $ 59,531 $ 34,343 $ 30,736 Net sales 260,174 265,595 161,857 136,819

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Solution 1 Profit margins Profit margin Net income sales Current year Prior year ...View the full answer

Fundamental Accounting Principles

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