$ millions
Apple Google
Cash and equivalents
$25,913 $ 16,701
Accounts receivable, net
23,186 20,838
Inventories
3,956 1,107
Retained earnings
70,400 134,885
Cost of sales
$163,756 $ 59,549
Revenues
265,595 136,819
Total assets
365,725 232,792
Required
1. Compute common-size percents for each company using the data given. Round percents to one decimal.
2. If Google paid a dividend, would retained earnings as a percent of total assets increase or decrease?
3. Which company has the better gross margin ratio on sales?
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