Question: The financial statements for Apple Inc. appear in Appendix A at the end of this textbook. Instructions Answer these questions using the Consolidated Income Statement

The financial statements for Apple Inc. appear in Appendix A at the end of this textbook.
Instructions
Answer these questions using the Consolidated Income Statement.
(a) What was the percentage change in total revenue and in net income from 2013 to 2014?
(b) What was the profit margin in each of the 3 years? (Use "Total Revenue.") Comment on the trend.
(c) What was Apple's gross profit rate in each of the 3 years? (Use "Net Sales" amounts.) Comment on the trend.

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