How do I calculate times interest earned here: Apple Inc. Consolidated Statement of Operations Fiscal year ended (in millions) Sept. 24, 2016 Sept. 26, 2015 Net sales $ 215,639 $ 233,715 Cost of sales...


How do I calculate times interest earned here:


























































































Apple Inc.


Consolidated Statement of Operations





Fiscal year ended




(in millions)



Sept. 24, 2016



Sept. 26, 2015



Net sales



 $ 215,639



 $ 233,715



Cost of sales



131,376



140,089



Gross margin



84,263



93,626



Operating expenses







Research and development



10,045



8,067



Selling, general and administrative



14,194



14,329



Total operating expenses



24,239



22,396



Operating income



60,024



71,230



Interest and dividend income



3,999



2,921



Interest expense



 (1,456)



(733)



Other expense, net



(1,195)



(903)



Income before provision for income taxes



61,372



72,515



Provision for income taxes



15,685



19,121



Net income



 $ 45,687



 $ 53,394




Jun 02, 2022
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