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Apple Inc. (AAPL): Analyze Apple Inc.'s income statement for the fiscal year 2023, where the company reported total revenue of $400 billion and net income
Apple Inc. (AAPL): Analyze Apple Inc.'s income statement for the fiscal year 2023, where the company reported total revenue of $400 billion and net income of $100 billion. Compute the net profit margin, a profitability ratio that measures the percentage of revenue that translates into profit after accounting for all expenses. Show how you derive the net profit margin and interpret its significance for Apple's financial performance
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