Refer to the consolidated statements of income on page 687 of the Intel Corporation annual report in

Question:

Refer to the consolidated statements of income on page 687 of the Intel Corporation annual report in the appendix.

Required:

a. Calculate the gross profit ratio for each of the past three years.

b. Assume that Intel’s net revenues for the first four months of 2009 totaled $12.6 billion. Calculate an estimated cost of goods sold and gross profit for the four months.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...