Nokia, Research In Motion, Apple, and Palm are competitors in the global marketplace.
Selected data for Nokia follow.

Required
1. Review the discussion of the importance of the cost of goods sold divided by total expenses ratio in BTN 20-2. Compute the cost of goods sold to total expenses ratio for Nokia for the two years of data provided. (Record answers as percents, rounded to one decimal.)
2. Comment on the similarities or differences in the ratio results calculated in part 1 and in BTN 20-2 across years andcompanies

Transcribed Image Text:

(millions of euros) Current Year Prior Year Cost of goods sold ...27.720 General, selling 33,337 and administrative expenses .-.^..A.... 5,078 5664 39,001 Total expenses... 32,798