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KTM (www.KTM.com), Polaris, and Arctic Cat are competitors in the global marketplace. Key comparative figures for each company follow.
EUR thousands for KTM. $ thousands for Polaris and Arctic Cat.
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.)
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