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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ales (net) Cost of sales Gross profit Selling, general, and administrative expenses Research and development Operating expenses Income from operations Dell Inc. $61,494 50,098 $11,396 s 7,302 661 S 7,963 3,433 Apple Inc $65,225 39,541 $25,684 5,517 1,782 $ 7,299 $18,385