Key figures for Apple and Google follow. $ millions Cash and equivalents. ...... Accounts receivable, net..... Inventories. . . . . . . . . . . . Retained earnings. ........ Cost of sales. ........... Revenues... Total assets. ........... Apple $ 20,289 17,874 4,855 98,330 141,048 229,234 375, 319 Google $ 10,715 18,336 749 113,247 45,583 110,855 197, 295 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute common-size percents for each of the companies using the data provided. (Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place.) Google % 5.4 9.3 % S1 Key Figures ($ millions) Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales Revenues Total assets Apple 5.4 % 4.8 % 1.3 % 26.2 % 37.6% % 61.1 & % 375,319.0 % % $ 20,289 $ 17,874 $ 4,855 $ 98,330 141,048 $ 229,234 % 100 % 0.4 % 57.4 23.1% % 56.2 % 100.0 % $ 10,715 $ 18,836 $ 749 $ 113,247 $ 45,583 $ 110,855 $ 197,295