I have to write a paper about Apple finances for the fiscal year of 2017 and 2018 I am asked to provide a brief analysis of each of the ratios, here is the first ratio.

Apple Inc Fiscal Year Sept. 2018 Sept. 2017 1..Profitability Ratios: Gross Margin %= Gross profit/Net Sales (Net Sales-Cost of sales)/Net Sales= (265,595-163,756)/265,595=.3834 (229,234-141,048)/229,234=.3846 38.3% 38.5% Sept Sept EBIT Margin %= EBIT/Net Sales 70,898/265,595=.2669 61,344/229,234= .2676 26.7% 26.8%