Key figures for the recent two years of both Apple and Google follow. Required 1. Compute profit

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Key figures for the recent two years of both Apple and Google follow.

Required

1. Compute profit margins for (a) Apple and (b) Google for the two years of data shown.

2. Which company is more successful on the basis of profit margin? Explain.

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 02:53 AM

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Key figures for the recent two years of both Apple and Google follow. Required 1. Compute profit

Question:

Apple Google ($ millions) Current Year Prior Year Current Year Prior Year Net income$ Net sales-..·····.. 37,037 41,733 170,910 $12,920 59,825 $10,737 50,175 156,508

Step by Step Answer:

in millions 1 Apple Current year profit margin 37037 170910 217 Prior ye...View the full answer

Fundamental Accounting Principles

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