Company: Apple Inc.ItemAmount (in millions)Revenue$394,328Cost of Goods Sold (COGS)$213,963Gross Profit$180,365Operating Expenses$50,527Operating Income$129,838Interest Expense$3,600Income Tax Expense$20,000Net...
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Accounting
Company: Apple Inc.
Item
Amount (in millions)
Revenue
$394,328
Cost of Goods Sold (COGS)
$213,963
Gross Profit
$180,365
Operating Expenses
$50,527
Operating Income
$129,838
Interest Expense
$3,600
Income Tax Expense
$20,000
Net Income
$106,238
Questions:
What is Apple's gross profit margin?
Calculate Apple's operating profit margin.
Determine Apple's net profit margin.
If Apple’s total assets are $351,000 million, what is the return on assets (ROA)?
What is the return on equity (ROE) if Apple’s total equity is $65,000 million?
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