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Apple shows us its sales amounts by products...

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Accounting

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Apple shows us its sales amounts by products and services. For the 2020 fiscal year. what is the percent of product sales to total sales? 1) 95.2 2) 30.8 3) 85.0 4) 80.4 What is cost of product sales, as a percent of, product sales for the 2020 and prior 2019 year? Is this percent getting better or worse? Another way to look at this ratio is that it is related to gross margin. For example, if the gross margin is 30%. then the ratio of costs to sales is 70% and these two amounts (30%+70%)=100%. 1) The percent for the current year is 31.5 and for the prior year it is 32.2 . The ratio indicates worsening earning power. 2) The percent of product costs to product sales for the current year is 65.6 and for the prior year it is 67.8 . The ratio indicates improving earning power. 3) The percent of product costs to product sales for the current year is 68.5 and for the prior year it is 67.8 . The ratio indicates improving earning power. 4) The percent of product costs to product sales for the current year is 68.5 and for the prior year it is 67.8 . The ratio indicates worsening earning power

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