Question
The condensed income statements through income from operations for Dell Inc. and Apple Inc. for recent fiscal years follow (numbers in millions of dollars): Sales:
The condensed income statements through income from operations for Dell Inc. and Apple Inc. for recent fiscal years follow (numbers in millions of dollars): Sales: Dells Inc($56,940) Apple Inc ($156,508) Cost of Sales: Dell($44,754) Apple($87,846) Gross Profit: Dell($12,186) Apple($68,662) Selling, general administrative expense: Dell($8,102) Apple($10,040) Research and Development: Dell($1,072) Apple($3,381) Operating expense: Dell ($9,174) Apple($13,421) Income from operation: Dell($3,012)Apple($55,241) Icon Prepare comparative common-sized statements, rounding percents to one decimal place. Interpret the analyses.
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