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BTN 4-9 NOKIA, RESEARCH IN MOTION AND APPLE are competitors in the global marketplace. Key comparative figures for each company follow:
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Net Sales
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Cost of Sales
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Nokia *
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40,984
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27,720
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Research in Motion
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$14,953
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$8,369
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Apple
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$42,905
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$25,683
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*EUR millions for Nokia
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$ millions for Research In Motion & Apple
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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