The condensed income statements through operating income for Apple Inc. and Best Buy Co. Inc. (BBY) are

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The condensed income statements through operating income for Apple Inc. and Best Buy Co. Inc. (BBY) are reproduced below for recent fiscal years (numbers in millions of dollars).

Prepare comparative common-sized statements, rounding percents to one decimal place. Interpret the analyses.

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Survey of Accounting

ISBN: 978-1305961883

8th edition

Authors: Carl S. Warren

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Question Posted: Feb 16, 2017 09:32 AM

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The condensed income statements through operating income for Apple Inc. and Best Buy Co. Inc. (BBY) are

Question:

Apple Best Buy Sales Cost of sales Gross prof Selling, general, and administrative expenses Research and development expenses Operating expenses Operating income 233,715 (140,089) $ 93,626 (14,329) 067) (22,396) $ 71,230 40,339 (31,292) $ 9,047 (7,597) $ 7597) $ 1,450

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APPLE AND BEST BUY CommonSized Statements Apple Best Buy Sales 1000 1000 Cost of sales 599 776 Gross ...View the full answer

Survey of Accounting

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