Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need to find the profit margin ratio of Apple Inc, for 2021. Profit income= Net income/Net sales revenue I found the net income $94,680,000,
I need to find the profit margin ratio of Apple Inc, for 2021.
Profit income= Net income/Net sales revenue
I found the net income $94,680,000, but I am bit confused that which one is the net sales revenue in report.
Please look at the screenshot and help me to find net sales revenue
Breakdown Total Revenue 2 Operating Revenue Cost of Revenue Gross Profit Operating Expense Selling General and Administrati... Research & Development Operating Income Net Non Operating Interest Inc... Interest Income Non Operating Interest Expense Non Operating Other Income Expense Other Non Operating Income Ex... Pretax Income Tax Provision Net Income Common Stockhold... Net Income TTM 9/30/2021 386,017,000 365,817,000 386,017,000 365,817,000 218,786,000 212,981,000 167,231,000 152,836,000 47,852,000 43,887,000 23,670,000 21,973,000 24,182,000 21,914,000 119,379,000 108,949,000 6,000 198,000 2,728,000 2,843,000 2,722,000 2,645,000 -388,000 60,000 -388,000 60,000 118,997,000 109,207,000 17,062,000 14,527,000 101,935,000 94,680,000 101,935,000 94,680,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started