Selected data from the September 27, 2014, and September 28, 2013, consolidated balance sheets and income statement

Question:

Selected data from the September 27, 2014, and September 28, 2013, consolidated balance sheets and income statement for the years then ended for Apple Inc. follow. All amounts are reported in millions.

Selected data from the September 27, 2014, and September 28,


Required:

a. Calculate the amount of Apples gross profit for each year. Has gross profit as a percentage of sales changed significantly during the past year?

b. Calculate the amount of Apple's operating income for each year. Has operating income as a percentage of sales changed significantly during the past year?

c. After completing parts a and b, calculate the other missing amounts for each year.

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Accounting What the Numbers Mean

ISBN: 978-1259535314

11th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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