Ch 04 Homework Saved Help Save & Exit Subr You skipped this question in the previous attempt. Check my wor Required 1. Compute the amount of gross margin and the gross margin ratio for the two years shown for each of these companies. 2. Which company earns more in gross margin for each dollar of net sales for the current year? 3-a. Does Apple's current-year gross margin underperform or outperform the industry (assumed) average of 35.0 % ? 3-b. Does Google's current-year gross margin underperform or outperform the industry (assumed) average of 35.0 % ? 4-a. Are Apple's current-year gross margin on a favorable or unfavorable trend? 4-b. Are Google's current-year gross margin on a favorable or unfavorable trend? 4 points eBook Complete this question by entering your answers in the tabs below. Print References Required 4 Required 2 Required 3 Required 1 Compute the amount of gross margin and the gross margin ratio for the two years shown for each of these companies. (Enter your dollar answers in millions. Round your percentage answers to 1 decimal place.) Google Apple Prior Current Prior Current (S millions) 90,272 110,855 215,639 $ 229,234 Net sales 35,138 45,583 131.376 141.048 Cost of sales Gross margin 96 96 96 Gross margin ratio Required 2 Required 1 Next> 6 of 12