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CISCO Company - income statement analysis. Please use step by step method to answer. Which method, single step or multi-step, is used in this statement?

CISCO Company - income statement analysis. Please use step by step method to answer.

  1. Which method, single step or multi-step, is used in this statement?

  2. What are the captions of the intermediate profit amounts reported by this company? ( if applicable)

  3. Calculate the gross profit ratio for each of the years reported. Briefly evaluate the trend of these results.

  4. Is operating income increasing or decreasing for the years reported?

  5. Does the company report any unusual items? If so, what are the effects of those items on net income and earnings per share?image text in transcribed

CISCO Company - income statement analysis. Please use step by step method to answer.Which method, single step or multi-step, is used in this statement?What are the captions of the intermediate profit amounts reported by this company? ( if applicable)Calculate the gross profit ratio for each of the years reported. Briefly evaluate the trend of these results.Is operating income increasing or decreasing for the years reported?Does the company report any unusual items? If so, what are the effects of those items on net income and earnings per share

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