Question: 1 . Adobe Inc. reported the following for the current year. ADOBE INC. Consolidated Income Statement 1 2 Months Ended ( $ millions ) Current

1. Adobe Inc. reported the following for the current year.
ADOBE INC.
Consolidated Income Statement
12 Months Ended ($ millions)
Current Year
Prior Year
Two Years Prior
Revenue
Subscription
$16,388
$14,573
$11,626
Product
532
555
507
Services and other
686
657
735
Total revenue
17,606
15,785
12,868
Cost of revenue
Subscription
1,646
1,374
1,108
Product
35
41
36
Services and other
484
450
578
Total cost of revenue
2,165
1,865
1,722
Gross profit
$15,441
$13,920
$11,146
a. Determine the overall gross profit margin for each year.
b. Which type of revenue has the highest gross profit margin in the current year?

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