1. Please analyse the net profit margin of Apple and BP accordingto the tables on the next page, then comment on why Apple?snet profit margin of 26% is higher compared to BP?s netprofit margin of 4.6%.

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BP p.l.c. Group results Fourth quarter and full year 2021 Financial statements Group income statement $ million Sales and other operating revenues (Note 5) Earnings from joint ventures-after interest and tax Earnings from associates-after interest and tax Interest and other income Gains on sale of businesses and fixed assets Total revenues and other income Purchases Production and manufacturing expenses Production and similar taxes Depreciation, depletion and amortization (Note 6) Net impairment and losses on sale of businesses and fixed assets (Note 3) Exploration expense Distribution and administration expenses Profit (loss) before interest and taxation Finance costs Net finance income) expense relating to pensions and other post-retirement benefits Profit (loss) before taxation Taxation Profit (loss) for the period Attributable to BP shareholders Non-controlling interests Net sales: Products Services Total net sales Cost of sales: Products Services Total cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Third Fourth Fourth quarter quarter quarter. 2021 2021 2020 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 50,554 243 197 (302) 896 36,174 26,406 157,739 105,944 214 543 575 3,456 233 581 2.757 1,876 2.874 1,103 (101) 259 158 663 286 235 37.867 30,185 164,195 109,078 52,238 37,867 32.089 23,937 14,420 92,923 57,682 6,397 6,026 6,111 25,843 22,494 406 354 228 1,308 695 3,863 3,944 3,426 14,805 14,889 1,223 220 1,168 (1,121) 14,381 102 116 214 424 10,280 3,077 2,769 11,931 10,397 18,082 (21,740) 1,849 749 2,857 3.115 3,365 4,793 759 (8) (5) 10 4,042 (495) 1,090 1,464 1,850 (395) 2,578 (2,345) 1,485 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) 2,326 252 2,578 (2,544) 1,358 199 127 (2.345) 1,485 193 693 September 25 2021 192,266 20,715 212,981 152,836 $ 297,392 S 68,425 365.817 21,914 21,973 43.887 Years ended September 26, 2020 108,949 258 109,207 14,527 94.680 S 151,286 18,273 169,559 104,956 Year Year 2021 2020 18,752 19,916 38.668 (2) 33 15,227 (24,888) 6,740 (4,159) 8,487 (20,7291 66,288 803 220,747 S 53.768 274,515 7,565 (20,305) 922 (424) 8,487 (20,729) September 28, 2019 67,091 9,680 57,411 S 213.883 46,291 260,174 144.996 16,786 161,782 98.392 16,217 18,245 34.462 63,930 1.807 65.737 10,481 55,256 BP p.l.c. Group results Fourth quarter and full year 2021 Financial statements Group income statement $ million Sales and other operating revenues (Note 5) Earnings from joint ventures-after interest and tax Earnings from associates-after interest and tax Interest and other income Gains on sale of businesses and fixed assets Total revenues and other income Purchases Production and manufacturing expenses Production and similar taxes Depreciation, depletion and amortization (Note 6) Net impairment and losses on sale of businesses and fixed assets (Note 3) Exploration expense Distribution and administration expenses Profit (loss) before interest and taxation Finance costs Net finance income) expense relating to pensions and other post-retirement benefits Profit (loss) before taxation Taxation Profit (loss) for the period Attributable to BP shareholders Non-controlling interests Net sales: Products Services Total net sales Cost of sales: Products Services Total cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Third Fourth Fourth quarter quarter quarter. 2021 2021 2020 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 50,554 243 197 (302) 896 36,174 26,406 157,739 105,944 214 543 575 3,456 233 581 2.757 1,876 2.874 1,103 (101) 259 158 663 286 235 37.867 30,185 164,195 109,078 52,238 37,867 32.089 23,937 14,420 92,923 57,682 6,397 6,026 6,111 25,843 22,494 406 354 228 1,308 695 3,863 3,944 3,426 14,805 14,889 1,223 220 1,168 (1,121) 14,381 102 116 214 424 10,280 3,077 2,769 11,931 10,397 18,082 (21,740) 1,849 749 2,857 3.115 3,365 4,793 759 (8) (5) 10 4,042 (495) 1,090 1,464 1,850 (395) 2,578 (2,345) 1,485 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) 2,326 252 2,578 (2,544) 1,358 199 127 (2.345) 1,485 193 693 September 25 2021 192,266 20,715 212,981 152,836 $ 297,392 S 68,425 365.817 21,914 21,973 43.887 Years ended September 26, 2020 108,949 258 109,207 14,527 94.680 S 151,286 18,273 169,559 104,956 Year Year 2021 2020 18,752 19,916 38.668 (2) 33 15,227 (24,888) 6,740 (4,159) 8,487 (20,7291 66,288 803 220,747 S 53.768 274,515 7,565 (20,305) 922 (424) 8,487 (20,729) September 28, 2019 67,091 9,680 57,411 S 213.883 46,291 260,174 144.996 16,786 161,782 98.392 16,217 18,245 34.462 63,930 1.807 65.737 10,481 55,256

Answer rating: 100% (QA)

BPs net profit margin 8487 164195 516 for FY 2021 Apples net profit magin 946803658... View the full answer