Consider the financial data of Apple Inc. for the fiscal year ended September 30, 20XX, as presented
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Question:
Consider the financial data of Apple Inc. for the fiscal year ended September 30, 20XX, as presented below:
Item | Amount (in millions) |
Revenue | $300,000 |
Cost of Goods Sold | $150,000 |
Operating Expenses | $50,000 |
Depreciation Expense | $20,000 |
Interest Expense | $10,000 |
Taxes | $30,000 |
Calculate Apple Inc.'s net income for the fiscal year.
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