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Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068 Exercise 33
Step-by-step solution
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Step 1 of 2
a. |
| (in millions) | ||
|
| 2008 | 2007 | 2006 |
| Net revenues | $37,586 | $38,334 | $35,382 |
| Cost of sales | (16,742) | (18,430) | (17,164) |
| Gross profit | $20,844 | $19,904 | $18,218 |
| Gross profit ratio | 55.5% | 51.9% | 51.5% |
Step 2 of 2
Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
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