Question
Apple Inc. (AAPL) (Table Format): Metric Fiscal Year 2023 Total Revenue $400 billion Total Expenses $300 billion Shareholders' Equity $200 billion Calculate the net profit
Apple Inc. (AAPL) (Table Format):
Metric | Fiscal Year 2023 |
Total Revenue | $400 billion |
Total Expenses | $300 billion |
Shareholders' Equity | $200 billion |
Calculate the net profit margin and return on equity (ROE) for Apple Inc. Interpret the significance of these metrics for assessing the company's profitability and efficiency in utilizing shareholders' equity. |
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
10th edition
470646284, 978-0470646281
