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 %

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 96.6C
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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 $365,817
223,546
212,981
Required 2 Required 3 Required 4
Complete this question by entering your answers in the tabs below.
($ millions)
Net sales
Cost of sales
Gross margin
Gross margin ratio
Current Year
$
394,328
223,546
%
Compute the amount of gross margin and the gross margin ratio for the two years shown for each of thes
Note: Enter your dollar answers in millions. Round your percentage answers to 1 decimal place.
Apple
Google
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
MARCH
%
Transcribed Image Text: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 $365,817 223,546 212,981 Required 2 Required 3 Required 4 Complete this question by entering your answers in the tabs below. ($ millions) Net sales Cost of sales Gross margin Gross margin ratio Current Year $ 394,328 223,546 % Compute the amount of gross margin and the gross margin ratio for the two years shown for each of thes Note: Enter your dollar answers in millions. Round your percentage answers to 1 decimal place. Apple Google 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 MARCH %
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