Accounting Analysis $-$ Company Analysis $3-1$

Use Apple financial statements found in appendix, starting on page $647$

Profit margin Fiscal Year Sept. $29,2019$ Fiscal Year Sept. $29,2018$

$2.$ Is the change in Apple's profit margin favorable or unfavorable?

$3.$ In $2019,$ did Apple's profit margin outperform or underperform the industry $($assumed$)$ average of $12\%?$