The condensed income statements through income from operations for Apple Computer Co. and Dell Inc. are reproduced
Question:
Prepare comparative common-size statements, rounding to one decimal place. Interpret theanalyses.
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Apple Sales Cost of goods sold Gross profit Operating expenses: Computer C Dell Inc. $49,205 40,190 $ 9,015 $8,279 6,020 $2,259 Selling, general, and administrative expenses Research and development expense Other expenses $1,421 489 23 1,933 326 4,298 463 Total operating expenses Income from operations 4,761 4,254
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APPLE COMPUTER CO AND DELL INC CommonSize Statements Apple Computer Co Dell Inc Sales net 1000 1000 Cost of goods sold 727 817 Gross profit 273 183 Op...View the full answer
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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