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Problem - The condensed statement of comprehensive incomes through operating profit for Dell Inc. and Apple Inc. are reproduced below for recent fiscal years (numbers in millions of dollars).
Dell Inc.
Apple Inc.
Sales (Net)
$64,494
$69,225
Cost of Sales
51,208
40,981
Gross Profit
$13,286
$28,244
Selling and general Expenses
$8,577
$6,091
Research and Development
838
2,769
Operating Expenses
9,415
8,860
Operating Profit
$3,871
$19,384
Required -
a. Prepare comparative common-sized statements, rounding percent to one decimal place.
b. Analyzes and interpret the data presented in (a).
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