Use Apple's financial statements in Appendix A to answer the following. Required: 1. Compute Apple's profit margin for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. 2. Is Apple's profit margin on a favorable or unfavorable trend? 3. In 2017, did Apple's profit margin outperform or underperform the industry (assumed) average of 12%? 4. For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute Apple's profit margin for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. (Round your percentage answers to 1 decimal place.) % (a) September 30, 2017 (b) September 24, 2016 % Use Apple's financial statements in Appendix A to answer the following. Required: 1. Compute Apple's profit margin for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. 2. Is Apple's profit margin on a favorable or unfavorable trend? 3. In 2017, did Apple's profit margin outperform or underperform the industry (assumed) average of 12%? 4. For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Is Apple's profit margin on a favorable or unfavorable trend? Is Apple's profit margin on a favorable or unfavorable trend? Use Apple's financial statements in Appendix A to answer the following. Required: 1. Compute Apple's profit margin for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. 2. Is Apple's profit margin on a favorable or unfavorable trend? 3. In 2017, did Apple's profit margin outperform or underperform the industry (assumed) average of 12%? 4. For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? The balance of Income Summary Use Apple's financial statements in Appendix A to answer the following. Required: 1. Compute Apple's profit margin for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. 2. Is Apple's profit margin on a favorable or unfavorable trend? 3. In 2017, did Apple's profit margin outperform or underperform the industry (assumed) average of 12%? 4. For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Is Apple's profit margin on a favorable or unfavorable trend? Is Apple's profit margin on a favorable or unfavorable trend? Use Apple's financial statements in Appendix A to answer the following. Required: 1. Compute Apple's profit margin for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. 2. Is Apple's profit margin on a favorable or unfavorable trend? 3. In 2017, did Apple's profit margin outperform or underperform the industry (assumed) average of 12%? 4. For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? The balance of Income Summary