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Given below are the income statement data for Apple Inc. for the years ended September 30, 2022, and 2021. Apple Inc. 2022 2021 Sales $365,817
Given below are the income statement data for Apple Inc. for the years ended September 30, 2022, and 2021.
Apple Inc. | 2022 | 2021 |
Sales | $365,817 | $294,135 |
Cost of Goods Sold | $183,060 | $131,376 |
Gross Profit | $182,757 | $162,759 |
Operating Expenses | $42,214 | $36,986 |
Net Income | $94,680 | $74,217 |
Requirements:
- Calculate the gross profit margin for each year.
- Calculate the operating profit margin for each year.
- Compute the net profit margin for each year.
- Discuss the performance of Apple Inc. in terms of profitability from 2021 to 2022.
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