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RESEARCH IN MOTION AND APPLE are competitors in the global marketplace. Key comparative figures for each company follow:

	Net Sales		Cost of Sales

Nokia *	40,984	27,720
Research in Motion	$14,953	$8,369
Apple	$42,905	$25,683


*EUR millions for Nokia
$ millions for Research In Motion & Apple

1. Rank the three companies (highest to lowest) based on the gross margin ratio.

2. Which of the companies uses a multiple-step income statement format? (These companies' income statements are in Appendix A

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9464948

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