Question: 1 . Adobe Inc. reported the following for the current year. ADOBE INC. Consolidated Income Statement 1 2 Months Ended ( $ millions ) Current
Adobe Inc. reported the following for the current year.
ADOBE INC.
Consolidated Income Statement
Months Ended $ millions
Current Year
Prior Year
Two Years Prior
Revenue
Subscription
$
$
$
Product
Services and other
Total revenue
Cost of revenue
Subscription
Product
Services and other
Total cost of revenue
Gross profit
$
$
$
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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