Expand Your Critical Thinking 5-1 The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook. Instructions for accessing and using the company's complete annual report, including the notes to the financial statements, are also provided in Appendix A. Click here to view Appendix A. Refer to Apple's financial statements and answer the following questions. What was the percentage change in (1) net sales and in (2) net income from 2013 to 2014 and from 2014 to 2015? (Round answers to 1 decimal place, e.g. 15.2%.) 2014 2015 Percentage change in sales Percentage change in net income LINK TO TEXT What was the company's gross profit rate in 2013, 2014, and 2015? (Round answers to 1 decimal place, e.g. 15.2%.) 2013 2014 2015 Gross profit rate What was the company's percentage of net income to net sales in 2013, 2014, and 2015? (Round answers to 1 decimal place, e.g. 15.2%.) 2013 2014 2015 Percentage of net income to sales What is the trend of the company's percentage of net income to net sales? The percentage of net income to sales from 2013 to 2014 The percentage of net income to sales from 2014 to 2015 What was the effect of the gross profit rate? The gross profit rate has during this time. Click if you would like to Show Work for this question: Open Show Work Expand Your Critical Thinking 5-1 The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook. Instructions for accessing and using the company's complete annual report, including the notes to the financial statements, are also provided in Appendix A. Click here to view Appendix A. Refer to Apple's financial statements and answer the following questions. What was the percentage change in (1) net sales and in (2) net income from 2013 to 2014 and from 2014 to 2015? (Round answers to 1 decimal place, e.g. 15.2%.) 2014 2015 Percentage change in sales Percentage change in net income LINK TO TEXT What was the company's gross profit rate in 2013, 2014, and 2015? (Round answers to 1 decimal place, e.g. 15.2%.) 2013 2014 2015 Gross profit rate What was the company's percentage of net income to net sales in 2013, 2014, and 2015? (Round answers to 1 decimal place, e.g. 15.2%.) 2013 2014 2015 Percentage of net income to sales What is the trend of the company's percentage of net income to net sales? The percentage of net income to sales from 2013 to 2014 The percentage of net income to sales from 2014 to 2015 What was the effect of the gross profit rate? The gross profit rate has during this time. Click if you would like to Show Work for this question: Open Show Work
