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Given below are the income statement data for Apple Inc. for the years ended September 30, 2022, and 2021. Apple Inc. 2022 2021 Sales $365,817

Given below are the income statement data for Apple Inc. for the years ended September 30, 2022, and 2021.

Apple Inc.

2022

2021

Sales

$365,817

$294,135

Cost of Goods Sold

$183,060

$131,376

Gross Profit

$182,757

$162,759

Operating Expenses

$42,214

$36,986

Net Income

$94,680

$74,217

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Discuss the performance of Apple Inc. in terms of profitability from 2021 to 2022.

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