Question: Use Apples financial statements in Appendix A to answer the following. Required: 1. Compute Apples profit margin for fiscal years ended ( a ) September

Use Apples financial statements in Appendix A to answer the following. Required: 1. Compute Apples profit margin for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. 2. Is Apples profit margin on a favorable or unfavorable trend? 3. For the fiscal year ended September 28, 2019, what amount is credited to Income Summary to summarize its revenues earned? Hint: make sure to consider any Other income reported on Apples income statement. 4. For the fiscal year ended September 28, 2019, what amount is debited to Income Summary to summarize its expenses incurred?

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