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Company: Apple Inc. Apple Inc. manufactures electronic devices. For the year ended December 31, 20X3, the company reported the following information: Total revenue: $100,000,000 Cost

Company: Apple Inc. Apple Inc. manufactures electronic devices. For the year ended December 31, 20X3, the company reported the following information:

  • Total revenue: $100,000,000
  • Cost of goods sold: $40,000,000
  • Selling and administrative expenses: $20,000,000
  • Other operating expenses: $10,000,000
  • Income tax expense: $15,000,000 Calculate the company's net income, gross profit margin, operating income, and net profit margin.                  

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