AA 3-1 Company Analysis LO A1 Use Apple's financial statements in Appendix A to answer the following. Required: 1. Compute Apple's profit margin for fiscal years ended (a) September 24, 2016, and (b) September 26, 2015. 2. Is Apple's profit margin on a favorable or unfavorable trend? 3. In 2016, did Apple's profit margin outperform or underperform the industry (assumed) average of 12%? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Apple's profit margin for fiscal years ended (a) September 24, 2016, and (b) September 26, 2015. (Round your percentage answers to 1 decimal place.) (a) September 24, 2016 (b) September 26, 2015 Required 2 > AA 3-1 Company Analysis LO A1 Use Apple's financial statements in Appendix A to answer the following. Required: 1. Compute Apple's profit margin for fiscal years ended (a) September 24, 2016, and (b) September 26, 2015. 2. Is Apple's profit margin on a favorable or unfavorable trend? 3. In 2016, did Apple's profit margin outperform or underperform the industry (assumed) average of 12%? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Apple's profit margin for fiscal years ended (a) September 24, 2016, and (b) September 26, 2015. (Round your percentage answers to 1 decimal place.) (a) September 24, 2016 (b) September 26, 2015 Required 2 >