How do I solve for the Gross Profit and Net Profit Margin Ratio? Revenue:ProductServiceTotal revenueCost of revenue:ProductServiceTotal cost of revenueProduct gross profitService gross profitGross profitOperating expenses:Selling, general and administrativeResearch and developmentTotal operating expensesIncome from operationsInterest and other income, netIncome before taxesIncome tax expenseNet incomeLess: net income attributable to noncontrolling interest in joint ventureNet income attributable to Intuitive Surgical, Inc.$$20214,793.9916.25,710.11,464.1287.51,751.63,329.8628.73,958.51,466.5671.02,137.51,821.069.31,890.3162.21,728.123.51,704.6% oftotalrevenue84% $16%100 %26%5%31%58 %11%69 %25 %12%37%32%1%33 %3%30%- %30% $Years Ended December 31,20203,634.6723.84,358.41,230.3266.91,497.22,404.3456.92,861.21,216.3595.11,811.41,049.8157.21,207.0140.21,066.86.21,060.6% oftotalrevenue83% $17%100 %28 %6%34%55 %11%66 %28%14%42%24 %4%28%3%24 %-%24% $20193,754.3724.24,478.51,119.1249.21,368.32,635.2475.03,110.21,178.4557.31,735.71,374.5127.71,502.2120.41,381.82.51,379.3% oftotalrevenue84 %16%100%25%6%31%59%10%69%26%12%38 %31%3%34%3%31%-%31%

Gross profit margin is the ratio which is used to determine the percentage of gross profit with…

Revenue: Product Service Total revenue Cost of revenue: Product Service Total cost of revenue. Product gross profit Service gross profit Gross profit Operating expenses: Selling, general and administrative Research and development Total operating expenses Income from operations Interest and other income, net Income before taxes Income tax expense Net income Less: net income attributable to noncontrolling interest in joint venture Net income attributable to Intuitive Surgical, Inc. S $ 2021 4,793.9 916.2 5,710.1 1,464.1 287.5 1,751.6 3,329.8 628.7 3,958.5 1,466.5 671.0 2,137.5 1,821.0 69.3 1,890.3 162.2 1,728.1 23.5 1,704.6 % of total revenue 84% $ 16% 100% 26% 5% 31% 58% 11% 69% 25% 12% 37% 32% 1% 33% 3% 30% -% 30% S Years Ended December 31, 2020 3,634.6 723.8 4,358,4 1,230.3 266.9 1,497.2 2,404.3 456.9 2,861.2 1,216.3 595.1 1,811.4 1,049.8 157.2 1,207.0 140.2 1,066.8 6.2 1,060.6 % of total revenue 83% S 17% 100% 28% 6% 34% 55% 11% 66% 28% 14% 42 % 24% 4% 28% 3% 24% 24% S 2019 3,754.3 724.2 4,478.5 1,119.1 249.2 1,368.3 2,635.2 475.0 3,110.2 1,178.4 557.3 1,735.7 1,374.5 127.7 1,502.2 120.4 1,381.8 2.5 1,379.3 % of total revenue 84% 16% 100% 25 % 6% 31% 59% 10% 69% 26% 12% 38 % 31% 3% 34% 3% 31% -% 31%

Revenue: Product Service Total revenue Cost of revenue: Product Service Total cost of revenue. Product gross profit Service gross profit Gross profit Operating expenses: Selling, general and administrative Research and development Total operating expenses Income from operations Interest and other income, net Income before taxes Income tax expense Net income Less: net income attributable to noncontrolling interest in joint venture Net income attributable to Intuitive Surgical, Inc. S $ 2021 4,793.9 916.2 5,710.1 1,464.1 287.5 1,751.6 3,329.8 628.7 3,958.5 1,466.5 671.0 2,137.5 1,821.0 69.3 1,890.3 162.2 1,728.1 23.5 1,704.6 % of total revenue 84% $ 16% 100% 26% 5% 31% 58% 11% 69% 25% 12% 37% 32% 1% 33% 3% 30% -% 30% S Years Ended December 31, 2020 3,634.6 723.8 4,358,4 1,230.3 266.9 1,497.2 2,404.3 456.9 2,861.2 1,216.3 595.1 1,811.4 1,049.8 157.2 1,207.0 140.2 1,066.8 6.2 1,060.6 % of total revenue 83% S 17% 100% 28% 6% 34% 55% 11% 66% 28% 14% 42 % 24% 4% 28% 3% 24% 24% S 2019 3,754.3 724.2 4,478.5 1,119.1 249.2 1,368.3 2,635.2 475.0 3,110.2 1,178.4 557.3 1,735.7 1,374.5 127.7 1,502.2 120.4 1,381.8 2.5 1,379.3 % of total revenue 84% 16% 100% 25 % 6% 31% 59% 10% 69% 26% 12% 38 % 31% 3% 34% 3% 31% -% 31%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 13MC: A responsibility center structure that considers investments made by the operating segments by using...

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