Apple and Google report the following income statement data (some are assumed). Use the companies' service revenue and cost data answer the requirements. Required: 1. Compute the gross profit ratio for each of the two years shown for each company. 2 . Is the change in Apple's current year gross profit ratio on its services favorable or unfavorable? 3. Is the change in Google's current year gross profit ratio on its services favorable or unfavorable? 4. Does Google's current year gross profit ratio underperform or outperform the industry (assumed) average of 60% ? Complete this question by entering your answers in the tabs below. Compute the gross profit ratio for each of the two years shown for eoch company. (Round your answer to 1 decimal plece.) Apple and Google report the following income statement data (some are assumed). Use the companies' service revenue and cost data to answer the requirements. Required: 1. Compute the gross profit ratio for each of the two years shown for each company. 2. Is the change in Apple's current year gross profit ratio on its services favorable or unfavorable? 3. Is the change in Google's current year gross profit ratio on its services favorable or unfavorable? 4. Does Google's current year gross profit ratio underperform or outperform the industry (assumed) average of 60% ? Complete this question by entering your answers in the tabs below. Is the change in Apple's current year gross profit ratio on its services favorable or unfavorable? Apple and Google report the following income statement data (some are assumed). Use the companies' service revenue and cost data answer the requirements. Required: 1. Compute the gross profit ratio for each of the two years shown for each company. 2. Is the change in Apple's current year gross profit ratio on its services favorable or unfavorable? 3. Is the change in Google's current year gross profit ratio on its services favorable or unfavorable? 4. Does Google's current year gross profit ratio underperform or outperform the industry (assumed) average of 60% ? Complete this question by entering your answers in the tabs below. Is the change in Google's current year gross profit fatio on its services favorable or unfavorable? The change in Coogle's curment year gross profit ratio is Apple and Google report the following income statement data (some are assumed). Use the companies' service revenue and cost data to answer the requirements. Required: 1. Compute the gross profit ratio for each of the two years shown for each company. 2. Is the change in Apple's current year gross profit ratio on its services favorable or unfavorable? 3. Is the change in Google's current year gross profit ratio on its services favorable or unfavorable? 4. Does Google's current year gross profit ratio underperform or outperform the industry (assumed) average of 60% ? Complete this question by entering your answers in the tabs below