Question

In: Accounting

Afternoon I would like to use Apple as my example Go to Yahoo Finance and select...

Afternoon I would like to use Apple as my example Go to Yahoo Finance and select a company. Then, share with the class either the company’s gross profit or total operating expenses, as well as the company’s net income. Can you please make sure your answer is clear where I can read it my eyes are really bad thank you

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Expert Solution

Answer: (source yahoo finance)Apple Inc

Income statement
All numbers in thousands

Revenue

29-09-18 30-09-17 24-09-16 26-09-15
Total revenue 26,55,95,000 22,92,34,000 21,56,39,000 23,37,15,000
Cost of revenue 16,37,56,000 14,10,48,000 13,13,76,000 14,00,89,000
Gross profit 10,18,39,000 8,81,86,000 8,42,63,000 9,36,26,000
Operating expenses
Research development 1,42,36,000 1,15,81,000 1,00,45,000 80,67,000
Selling general and administrative 1,67,05,000 1,52,61,000 1,41,94,000 1,43,29,000
Non-recurring - - - -
Others - - - -
Total operating expenses 19,46,97,000 16,78,90,000 15,56,15,000 16,24,85,000
Operating income or loss 7,08,98,000 6,13,44,000 6,00,24,000 7,12,30,000
Income from continuing operations
Total other income/expenses net 20,05,000 27,45,000 13,48,000 12,85,000
Earnings before interest and taxes 7,08,98,000 6,13,44,000 6,00,24,000 7,12,30,000
Interest expense -32,40,000 -23,23,000 -14,56,000 -7,33,000
Income before tax 7,29,03,000 6,40,89,000 6,13,72,000 7,25,15,000
Income tax expense 1,33,72,000 1,57,38,000 1,56,85,000 1,91,21,000
Minority interest - - - -
Net income from continuing ops 5,95,31,000 4,83,51,000 4,56,87,000 5,33,94,000
Non-recurring events
Discontinued operations - - - -
Extraordinary items - - - -
Effect of accounting changes - - - -
Other items - - - -
Net income
Net income 5,95,31,000 4,83,51,000 4,56,87,000 5,33,94,000
Preferred stock and other adjustments - - - -
Net income applicable to common shares 5,95,31,000 4,83,51,000 4,56,87,000 5,33,94,000

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