GOME (www.GOME.com.hk), Best Buy, and RadioShack are competitors in the global marketplace. Key comparative figures for each company follow.

Required
1. Rank the four companies (highest to lowest) based on the gross margin ratio.
2. Which of the companies uses a multiple-step income statement format?
3. Which company€™s income statement is more readily usable by potential investors? Provide a brief justification for your choice.

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Net Sales Cost of Sales GOME._. . . . Best Buyt . . . . _ . . RadioShack.. 45,889,257 41,381,223 45,015 $34,017 $4,224.5 2,301.8 .