Use Apples financial statements in Appendix A to answer the following. 1. Compute Apples profit margin for
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Use Apple’s financial statements in Appendix A to answer the following.
1. Compute Apple’s profit margin for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018.
2. Is the change in Apple’s profit margin favorable or unfavorable?
3. In 2019, did Apple’s profit margin outperform or underperform the industry (assumed) average of 12%?
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