The condensed income statements through income from operations for Dell Inc. and Apple Inc., are reproduced below

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The condensed income statements through income from operations for Dell Inc. and Apple Inc., are reproduced below for recent fiscal years (numbers in millions of dollars).

Prepare comparative common-sized statements, rounding percents to one decimal place. Interpret theanalyses.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 20, 2011 06:30 AM

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The condensed income statements through income from operations for Dell Inc. and Apple Inc., are reproduced below

Question:

Apple Inc. $24,006 15,852 $ 8,154 $ 2,963 Dell Inc. $57,420 Sales (net) Cost of sales Gross profit Selling, general, and administrative expenses Research and development Operating expenses Income from operations 44,904 $12,516 $ 5,948 498 782 $ 6,446 $ 3,745 $ 4,409 S 6,070

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The commonsized analysis indicates that Dell and Apple are very different computer companies Dells income from operations was 106 of sales while Apple...View the full answer

Survey of Accounting

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