Samsung (Samsung.com), Apple, and Google are competitors in the global marketplace. Key comparative figures for each company follow.
__________________________ Net Sales ______________ Cost of Sales
Samsung* ................... W200,653,482 .............. W123,482,118
Apple† ....................... $ 233,715 ............. $ 140,089
Google† ..................... $ 74,989 ............. $ 28,164
Required
1. Rank the three companies (highest to lowest) based on the gross margin ratio.
2. Which of the companies uses a multiple-step income statement format? (These companies' income statements are in Appendix A.)