Find the Net Sales and Cost of Goods between Eastman Kodak Company and Canon Inc in 2012 and the profit they were making? Also, what type of inventory system (perpetual or periodic) do you think each company uses and why? Using the information from the financial statements for each company, calculate the gross margin ratio (aka gross profit ratio) and discuss how the ratios compare and what this may mean for each company. Using the information from the financial statements for each company, calculate the acid test ratio and discuss how the ratios compare and what this may mean for each company. Review the financial statements and footnotes for each company to determine how they handle the reporting of sales discounts.