AA 4-2 Comparative Analysis LO A1Key comparative figures for Apple and Google follow.$ millionsNet salesCost of salesRequired 1AppleCurrent Year Prior Year$ 394,328 $365,817223,546212,981Required 2 Required 3 Required 4Complete this question by entering your answers in the tabs below.($ millions)Net salesCost of salesGross marginGross margin ratioCurrent Year$394,328223,546%Compute the amount of gross margin and the gross margin ratio for the two years shown for each of thesNote: Enter your dollar answers in millions. Round your percentage answers to 1 decimal place.AppleGooglePrior Year$GoogleCurrent Year$ 282,836126,203365,817212,981Prior Year$ 257,637110,939%Current Year$ 282,836126,203%Prior Year$257,637110,939MARCH%

Gross profit is the amount of net revenue that is left after subtracting all direct expenses from…

AA 4-2 Comparative Analysis LO A1 Key comparative figures for Apple and Google follow. $ millions Net sales Cost of sales Required 1 Apple Current Year Prior Year $ 394,328 $365,817 223,546 212,981 ($ millions) Net sales Cost of sales Complete this question by entering your answers in the tabs below. Gross margin Gross margin ratio Required 2 Required 3 Required 4 Compute the amount of gross margin and the gross margin ratio for the two years shown for each of th Note: Enter your dollar answers in millions. Round your percentage answers to 1 decimal place. Apple Google Current Year $ 394,328 223,546 % Prior Year $ Google Current Year $ 282,836 126, 203 365,817 212,981 Prior Year $ 257,637 110,939. % Current Year $ 282,836 126,203 % Prior Year $ 257,637 110,939 %

AA 4-2 Comparative Analysis LO A1 Key comparative figures for Apple and Google follow. $ millions Net sales Cost of sales Required 1 Apple Current Year Prior Year $ 394,328 $365,817 223,546 212,981 ($ millions) Net sales Cost of sales Complete this question by entering your answers in the tabs below. Gross margin Gross margin ratio Required 2 Required 3 Required 4 Compute the amount of gross margin and the gross margin ratio for the two years shown for each of th Note: Enter your dollar answers in millions. Round your percentage answers to 1 decimal place. Apple Google Current Year $ 394,328 223,546 % Prior Year $ Google Current Year $ 282,836 126, 203 365,817 212,981 Prior Year $ 257,637 110,939. % Current Year $ 282,836 126,203 % Prior Year $ 257,637 110,939 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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