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Accounts receivable, net AA 13-2 Comparative Analysis LO C1, P2 Key figures for Apple and Google follow. $ millions Cash and equivalents Inventories Apple

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Accounts receivable, net AA 13-2 Comparative Analysis LO C1, P2 Key figures for Apple and Google follow. $ millions Cash and equivalents Inventories Apple Google $ 48,844 22,926 $ 18,498 25,326 4,106 Retained earnings 45,898 999 152,122 Cost of sales 161,782 71,896 Revenues 260,174 161,857 Total assets 338,516 275,909 Required: 1. Compute common-size percents for each company using the data given. 2. If Google paid a dividend, would retained earnings as a percent of total assets increase or decrease? 3. Which company has the better gross margin ratio on sales?

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