Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please find the Dollar change and Percent Change for each. APPLE INC Comparative Income Statements For Years Ended September 24,2016,and September 30,2017 (In millions, except
Please find the Dollar change and Percent Change for each.
APPLE INC Comparative Income Statements For Years Ended September 24,2016,and September 30,2017 (In millions, except per share) Dollar Change Percent Change Sep-17 Sep-16 Net Sales 229,234 $ 141,048 $ 215,639 Cost of sales 131,376 Gross margin S 84,263 S 88,186 $ Research and devel opment S 10,045 11,581 Selling,general and administrative 15,261 14,194 $ 26,842 $ Total operating expenses 24,239 $ 61,344 $ Operating income Other income, net 60,024 2,745 $ S 1,348 Income before provision for income taxes 64,089 61,372 15,738 $ Provision for income taxes S 15,685 48,351$ Net income S 45,687Step 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