Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Discuss the performance of Apple Inc. in terms of profitability from 2021 to 2022.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Analysis and Security Valuation

Authors: Stephen Penman

5th edition

78025311, 978-0078025310

More Books

Students also viewed these Accounting questions

Question

Rewrite each summation so that the index starts with n = 1. EK

Answered: 1 week ago

Question

what are the three main catagories of service that csps provide?

Answered: 1 week ago