gross margin and profit margin ratios refer to the condensed income statement for ap 1571834

Gross Margin and Profit Margin Ratios. Refer to the condensed income statement for Apple, Inc., in Brief Exercise 14.

Required:

Compute the following profitability ratios for 2011, and provide a brief explanation after each ratio (round computations to one decimal place):

1. Gross margin ratio

2. Profit margin ratio

Brief Exercise 14:

Trend Analysis. The following condensed income statement is for Apple, Inc.

Required:

Prepare a trend analysis of the income statements from 2010 to 2011. Use the format shown in as a guide. (Round percent computations to one decimal place .)