Case#2 Vertical Analysis The condensed income statements through operating income for Apple Inc. and Best...
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Case#2 Vertical Analysis The condensed income statements through operating income for Apple Inc. and Best Buy Co. Inc. are reproduced below for recent fiscal years (numbers in millions of dollars). Apple My Sales $229,234 $39,403 Cost of Sales (E.Ml (LEE) Gross profit iii , Selling, general and administrative expenses (15,261) (7,586) Research and development expenses (H.581) _0 Operating expenses $(2_5.&2l. $(Zli6l Operating Income @344 $4,854 Instructions: Prepare comparative common- sized income statements, rounding percents to 1 decimal place. Interpret the analyses by commenting on comparisons of operating income, operating expenses, gross profit, cost of sales and sales. Format Requirements: The assignment should be typed, double-spaced 12" font in a word document and be at least 1 1/2 pages in length. Any information research that you use for the assignment should have the proper citation. The Safe Assign likeness percentage should not be more than 40%. Do not include/copy the case question in your assignment submission
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