COMPARATIVE INCOME STATEMENT DATA. Consolidated income state-

/ ments for Apple Computer appear below:

REQUIRED:
1. By what percentage did sales increase between 1992 and 1993? Between 1993 and 1994?
2. By what percentage did each of the other income statement items change?
3. Why did net income decrease in 1993 and increase in 1994?

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Three fiscal years ended September 30, 1994 Sales (in thousands except per share amounts) Costs and expenses: Cost of sales Research and development Selling, general and administrative Restructuring costs and other Operating income 1994 1993 1992 $9,188,748 $7,976,954 $7,086,542 6,844,915 5,248,834 3,991.337 564,303 664,564 602,135 1,384,111 1,632,362 1,687,262 (126,855) 320,856 8,666,474 7,866,616 6,280,734 522,274 110,338 805,808 (21,988) 29,321 49,634 500,286 139,659 855,442 190,108 53,070 325,069 Interest and other income, net Income before income taxes Provision for income taxes Net income Earnings per common and common equivalent share Common and common equivalent shares used in the calculations of earnings per share $ 310,178 $ 86,589 $ 530,373 2.61 $ 0.73 $ 4.33 118,735 119,125 122,490