Problem

Calculate gross profit ratio and cost of goods sold Refer to the consolidated statements o...

Calculate gross profit ratio and cost of goods sold Refer to the consolidated statements of income on page 687 of the Intel Corporation annual report in the appendix.

Required:

a. Calculate the gross profit ratio for each of the past three years.


b. Assume that Intel’s net revenues for the first four months of 2009 totaled $12.6 billion. Calculate an estimated cost of goods sold and gross profit for the four months.

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