8. What were Apple's gross profit, operating margin, and net profit ratios in 2016? (Note: Round answers to two decimal places.) Gross Profit Ratio 39.1 X % Operating Margin Ratio 39.1 X % Net Profit Margin Ratio 39.1 X % Assuming industry averages for 2016 were 27.57%, 7.87%, and 4.76%, respectively, describe Apple's profitability. 8. What were Apple's gross profit, operating margin, and net profit ratios in 2016? (Note: Round answers to two decimal places.) Gross Profit Ratio 39.1 X % Operating Margin Ratio 39.1 X % Net Profit Margin Ratio 39.1 X % Assuming industry averages for 2016 were 27.57%, 7.87%, and 4.76%, respectively, describe Apple's profitability