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3. Following are selected income statement accounts for Apple Inc. ($ millions) Sales $233,715 Cost of goods sold 140,089 Gross profit 93,626 Total expenses 40,232
3. Following are selected income statement accounts for Apple Inc. ($ millions) Sales $233,715 Cost of goods sold 140,089 Gross profit 93,626 Total expenses 40,232 Net income $ 53,394 Compute Apple's gross profit margin. a. 22.7% b. 40.0% c 17.2% d 11.2%
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
