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Apple Inc., a multinational technology company, has provided the following financial data for the year: Sales revenue: $274.5 billion Variable costs: $130 billion Fixed costs:
Apple Inc., a multinational technology company, has provided the following financial data for the year:
- Sales revenue: $274.5 billion
- Variable costs: $130 billion
- Fixed costs: $50 billion
- Beginning inventory: $20 billion
- Ending inventory: $30 billion
- Units sold: 220 million Calculate the cost of goods sold, net income, and gross profit for Apple Inc.
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
