Question
Apple Inc. reports revenue of $100,000,000, expenses of $70,000,000, and net income of $30,000,000 for the year. Calculate Apple's gross profit margin for the year.
Apple Inc. reports revenue of $100,000,000, expenses of $70,000,000, and net income of $30,000,000 for the year. Calculate Apple's gross profit margin for the year.
- Revenue: $100,000,000
- Expenses: $70,000,000
- Net Income: $30,000,000
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
