Exerclse 8-22A (Statlc) Identlfylng companles using property, plant, and equlpment LO 8-12 Executive Jets, LLC operates a charter flight-service company in the northwestern United States. Classic Steps, LLC is a company that provides dance lessons to students of all ages. Classic Steps has dance studios in several cities throughout the western United State The following data are from the companies' most recent financial statements but are not identified as to which company they relate. Required a. Calculate the ratio of sales to property, plant, and equipment for each company. b. Based on the ratios calculated in requirement a, decide which is the airline company and which is the clance studio. c. Based on the ratios calculated in requirement a, which company appears to be using its property, plant, and equipment more efficiently? Complete this question by entering your answers in the tabs below. Calculate the ratio of sales to property, plant, and equipment for each company. (Round your answers to 1 decimal.) Exerclse 8-22A (Statlc) Identifylng companles using property, plant, and equipment LO 8-12 Executive Jets, LLC operates a charter flight-service company in the northwestern United States. Classic Steps, LLC is a company that provides dance lessons to students of all ages. Classic Steps has dance studios in several cities throughout the western United State: The following data are from the companies' most recent financial statements but are not identified as to which company they relate. Required a. Calculate the ratio of sales to property, plant, and equipment for each company. b. Based on the ratios calculated in requirement a, decide which is the airline company and which is the dance studio. efficiently? Complete this question by entering your answers in the tabs below. Based on the ratios calculated in requirement a, decide which is the airline company and which is the dance studio. Exerclse 8-22A (Statlc) Identlfylng companles using property, plant, and equlpment LO 8-12 Executive Jets, LLC operates a charter flight-service company in the northwestern United States. Classic Steps, LLC is a company tha provides dance lessons to students of all ages. Classic Steps has dance studios in several cities throughout the western United State The following data are from the companies' most recent financial statements but are not identified as to which company they relate. Required a. Calculate the ratio of sales to property, plant, and equipment for each company. b. Based on the ratios calculated in requirement a, decide which is the airline company and which is the dance studio. c. Based on the ratios calculated in requirement a, which company appears to be using its property, plant, and equipment more efficiently? Complete this question by entering your answers in the tabs below. Based on the ratios calculated in requirement a, which company appears to be using its property, plant, and equipment more efficiently? Which company appears to be using its property, plant, and equipment more efficiently