Determine the overall gross profit margin for each year

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Question: Consolidated Income Statement 12 Months Ended ($ millions) Current Year Prior Year Two Years Prior Revenue Subscription $16,388 $14,573 $11,626 Product 532 555 507 Services and other 686 657 735 Total revenue 17,606 15,785 12,868 Cost of revenue Subscription 1,646 1,374 1,108 Product 35 41 36 Services and other 484 450 578 Total cost of revenue 2,165 1,865 1,722 Gross profit $15,441 $13,920 $11,146 a. Determine the overall gross profit margin for each year. Get expert-level assistance in any subject with our assignment help services.

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