Key figures for Apple and Google follow.

$ millions	Apple			Google
Cash and equivalents. . . . . . .	$	20,484		$	12,918
Accounts receivable, net. . . . .		15,754			14,137
Inventories. . . . . . . . . . . .		2,132			268
Retained earnings. . . . . . . . .		96,364			105,131
Cost of sales. . . . . . . . . . .		131,376			35,138
Revenues. . . . . . . . . . . . . .		215,639			90,272
Total assets. . . . . . . . . . . .		321,686			167,497

Required:

1. Compute common-size percents for each of the companies using the data provided.

2. If Google decided to pay a dividend, would retained earnings as a percent of total assets increase or decrease?

3. Which company has a higher gross margin ratio on sales?

Which company has a higher gross margin ratio on sales?

Apple % % Key Figures (5 millions) Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales Revenues Total assets Google % % % % % % % % % % % If Google decided to pay a dividend, would retained earnings as a percent of total assets increase or decrease? Would retained earnings as a percent of total assets increase or decrease