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I just need the requirement 1. Thank you The ratio of costs to revenues can indicate opportunities for activity-based costing to increase efficiency and reduce
I just need the requirement 1. Thank you
The ratio of costs to revenues can indicate opportunities for activity-based costing to increase efficiency and reduce costs. Refer to Apple's and Google's 2017 Income statements in Arrendix. A to answer the following. Required: 1. For Apple, compute the ratio of costs (titled as cost of sales plus operating expenses) to net sales for 2017. 2. For Google, compute the ratio of costs (titled as total costs and expenses) to revenues for 2017 3. Which company has the higher ratio of costs to revenues for 2017? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For Apple, compute the ratio of costs (titled as cost of sales plus operating expenses) to net sales for 2017. (Round your answer to three decimal places.) Apple Ratio of costs to revenues Required 2 > September 26, 2015 233,715 140,089 93,626 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 30, 2017 September 24, 2016 Net sales $ 229,234 $ 215.639 Cost of sales 141,048 131,376 Gross margin 88,186 84.263 Operating expenses Research and development 11,581 10,045 Selling, general and administrative 15,261 14,194 Total operating expenses 26,842 24.239 Operating income 61,344 60,024 Other income (expense), net 2,745 1,348 Income before provision for income taxes 61,372 Provision for income taxes 15,685 Net income 45.687 Selech 8,067 14.329 22,396 71,230 1,285 72,515 19.121 53,394 8.35 8.31 $ $ 9.28 9.22 Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted Cash dividends declared per share 5,217.242 5,251,692 2.40 5.470,820 5,500,281 2.18 5,753,421 5,793,069 1.98 See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Step by Step Solution
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