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Apple Inc. Item Amount (in millions) Revenue $274,515 Cost of Goods Sold (COGS) $169,559 Gross Profit $104,956 Operating Expenses $38,668 Operating Income $66,288 Interest Expense

Apple Inc.

Item

Amount (in millions)

Revenue

$274,515

Cost of Goods Sold (COGS)

$169,559

Gross Profit

$104,956

Operating Expenses

$38,668

Operating Income

$66,288

Interest Expense

$2,000

Income Tax Expense

$11,000

Net Income

$53,288

Questions:

  1. What is Apple's gross profit margin?
  2. Calculate Apple's operating profit margin.
  3. Determine Apple's net profit margin.
  4. If Apple’s total assets are $323,888 million, what is the return on assets (ROA)?
  5. What is the return on equity (ROE) if Apple’s total equity is $65,339 million?

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