Intel’s 2005 annual report actually includes income statements for three years—2003, 2004. and 2005. Net income for these three years is presented as follows (all in millions): $5,641 (2003), $7,516 (2004). and $8,664 (2005 ). Further analysis of the same income statements reveals that revenues were the following amounts for these same years (all in millions): $30,141 (2003). $34,209 (2004), and $38,826 (2005). State each year’s net income as a percentage of revenues and comment briefly on the trend over the three-year period.
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