SEC- 10k for Apple
I. Using vertical analysis (show your calculations), present the following values for this year and last year:
a) gross profit margin
b) net profit margin (use the last “net income” line on the statement)
c) Comment on changes:
Are sales increasingly profitable?
How are gross profit and net income changing, as dollar values?
2. Conduct a Vertical Analysis on any two items of the Balance Sheet and comment on your results.

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