Question

Apple’s Net (Loss)/Income in 2019 was __________. A. 45,687 million B. 53,394 million C. 55,256 million...

Apple’s Net (Loss)/Income in 2019 was __________.

A. 45,687 million B. 53,394 million C. 55,256 million D. 321,686 million

Business   Accounting   
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Answer #1
Solution:
NET INCOME OF APPLE
Sales 259.97 Billion
Less: Cost of Goods Sold and including depreciatio and amortization 162.27 Billion
Gross Income 97.7 Billion
Less: Selling , Adminstrative and opearting income 31.96 Billion
Pretax Income 65.74 Billion
Taxes 10.48
Net income 55.26 Billion
Net income (Converted In Million) 55,256 Million
Answer = Option C = 55,256 Million
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