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Using the provided income statement of Apple Inc. for the years ended December 31, 2020, 2019, and 2018: Calculate the gross profit margin for each
Using the provided income statement of Apple Inc. for the years ended December 31, 2020, 2019, and 2018:
- Calculate the gross profit margin for each year.
- Determine the operating profit margin for each year.
- Compute the net profit margin for each year.
- Compare the three profit margins across the three years and analyze any trends.
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