Key comparative figures ($ millions) for both NIKE and Reebok follow: NIKE Reebok Key Figures NIKE Reebok Key Figures NIKE Reebok CASE 1-2 Comparative Analysis: Comparison of Balance Sheet and Income Statement $ 12.5 $ 253.4 9,553.1 Cash and equivalents. Accounts receivable Inventories Retained earnings Costs of sales $ 108.6 1,674.4 1,396.6 3,043.4 6,065.5 $ 209.8 561.7 563.7 1,145.3 2,294.0 Income taxes Revenues (Nike) Net sales (Reebok) Total assets 3,643.6 1,756.1 5,397.4 Required: a. Compute common-size percents for both companies using the data provided. b. Which company incurs a higher percent of their revenues (net sales) in income taxes? c. Which company retains a higher portion of cumulative net income in the company? d. Which company has a higher gross margin ratio on sales? e. Which company holds a higher percent of its total assets as inventory