a) if you were an investor, mention one aspect you would be worry about and another aspect you would be pleased to read in the company's Income Statement. Please justify in 5 lines. b) If you were a competitor, with which figure would you benchmark yourself? Justify in 5 lines. c) Knowing the impact of legislation in a company's costs and expenses, please identify 2 expenses that could be higher due to the UK Company Law seen in class. Mention account in the Income Statement and explain in 3 lines why is it impacted by legislation. I Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Net sales Cost of sales Gross margin Years ended September 29, September 30, September 24, 2018 2017 2016 265,595 $ 229,234 $ 215,639 163,756 141,048 131,376 101,839 88,186 84.263 Operating expenses: Research and development Selling general and administrative Total operating expenses 14,236 16,705 30,941 11,581 15,261 26,842 10,045 14,194 24,239 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net Income 70,898 2,005 72,903 13,372 59,531 $ 61,344 2,745 64,089 15,738 48,351 $ 60,024 1,348 61,372 15,685 45,687