In comparing the percentage changes, all margins improved for . The increasing margins were attributable to Vcost of goods sold and Voperating expenses per dollar of sales. (Select from the drop-down menus.) b. Compare the profit margins between Time Warner and Disney. Which of the following statements is not true? (Select the best choice below.) O A. The operating profit margins are much closer, but are higher for Walt Disney 0 C, Walt Disney has an advantage since its net profit margin is higher c. OD. A comparison of proft margins between the two companies is not very insightful without looking at the percentage changes in margins. c. What differences do you notice in the common-sized balance sheets that might indicate that one of the firms is doing better than the other? (Select all that apply.) A. Time Wamer has sold over $150 billion in common stock, compared to less than $34 billion by Walt Disney B. Since Time Wamer produces about $0.39 of sales per dollar of assets compared to Walt Disney generating about $0.55 of sales per dollar of assets, Walt Disney is clearly using its assets more efficiently than Time Wamer ? C. Time Warner relies more heavily on debt financing with a debt ratio of about 56 percent compared to approximately 44 percent for Walt Disney. D Based on retained earnings, we see that Time Warmer has about $86 billion in accumulated profits over the life of the business, while Wait Disney has accumulated profits of cose to $47 billion. ? E Walt Disney has a larger size when it comes to total assets. Furthermore, the relative makeup of the assets is fairly similar