Comparing Operating Characteristics Across Industries Following are selected income statement and balance sheet data for companies in different industries. Required Compute the following ratios for each company. 1. Gross profit/Sales 2. Net income/Sales 3. Net income/Stockholders' equity 4. Liabilities/StockhoIders' equity Comment on any differences among the companies' gross profit to sales ratios and net income as a percentage of sales. Do differences in the companies' business models expIain the differences observed. Which company reports the highest ratio of net income to equity? Suggest one or more reasons for this result. Which company has financed itself with the highest percentage of liabilities to equity? Suggest one or more reasons why this company can take on such debt levels