Financial Statement Notes: Quarterly Data Quarterly data are presented below for Company A and Company B. One of these companies is Gibson Greetings, Inc., which manufactures and sells greeting cards. The other company is Hon Industries, Inc., which manufactures and sells office furniture. Both companies are on a calendar year basis. (Amounts in Thousands) First Quarter Second Quarter Third Quarter Fourth Quarter Year Company A Net sales $186,111 $177,537 $203,070 $213,608 $780,326 Gross profit 55,457 53,643 64,024 69,374 242,498 Company B Net sales $84,896 $83,796 $142,137 $235,336 $546,165 Gross profit 53,900 52,983 66,018 104,961 277,862 Required a. Compute the percent of annual net sales generated each quarter by Company A. Round to the nearest percent. b. Compute the percent of annual net sales generated each quarter by Company B. Round to the nearest percent. First Quarter Second Quarter Third Quarter Fourth Quarter a. Company A annual net sales percent Answer 0 Answer 0 Answer 0 Answer 0 b. Company B annual net sales percent Answer 0 Answer 0 Answer 0 Answer 0 c. Which company has the most seasonal business? Answer d. Which Company is Gibson Greetings? Answer Which Company is Hon Industries, Inc.? Answer e. Which company's interim quarterly data are probably most useful for predicting annual results? Answer