AA 4-3 Extended Analysis LO A1, P4Key comparative figures for Samsung, Apple, and Google follow.In millionsSamsungAppleGoogleNet salesCost ofSales$ 126,336$ 197,691$ 260,174$ 161,782$ 161,857$ 71,896tesRequired:1. Compute the gross margin ratio for each of the three companies. (millions of $)2-a. Is Samsung's gross margin ratio better or worse than that for Apple?2-b. Is Samsung's gross margin ratio better or worse than that for Google?3-a. Is the single-step or multiple-step income statement format used in the case of Apple?3-b. Is the single-step or multiple-step income statement format used in the case of Google?3-c. Is the single-step or multiple-step income statement format used in the case of Samsung?Complete this question by entering your answers in the tabs below.Req 1Req 2A and 2B Req 3A to 3CCompute the gross margin ratio for each of the three companies. (millions of $)Note: Round your percentage answers to 1 decimal place. Enter your answers in millions of dollars or Korean won.In millionsSamsungAppleGoogleNet sales$197,691$260,174$161,857Cost of sales126,336161,78271,896Gross marginGross margin ratio%%%

1. Samsung:Gross margin = 197,691 - 126,336 = 71,355Gross margin ratio = 71,355 / 197,691 =…

Answered: AA 4-3 Extended Analysis LO A1, P4 Key…

Accounting (Text Only)

26th Edition

ISBN:9781285743615

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter3: The Adjusting Process

Section: Chapter Questions

Problem 3.29EX

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Q2. The following table presents sales revenue, cost of goods sold, and inventory amounts for the three electronic companies, Samsung Electronics Co., Hewlett-Packard Company, and Apple Inc. $ Millions Fiscal year ending Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2012 Samsung Electronic Revenue $ 206,205,987 $ 228,692,667 $ 210,103,613 cost of goods sold $ 128,278,800 $ 137,696,309 $ 126,651,931 Inventory $ 17,317,504 $ 19,134,868 $ 17,747,413 Hewlett-Packard Company Oct. 31, 2014 Oct. 31, 2013 Octo. 31, 2012 Revenue (Products only) $73,7260 $ 72,398 $ 77,887 Cost of goods sold $56,469 $ 55,632 $ 59,468 Inventory $ 6,415 $ 6,046 $ 6,317 Apple Inc. (US Dollar) Sept. 27, 2014 Sept. 28, 2013 Sept. 29, 2012 Revenue $ 182,795 $ 170,910 $156,508 cost of goods sold $ 112,258 $ 106,606 $87,846 Inventory $ 2,111 $ 1,764…
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