Step 1: first Fold sheet A twice using FO1.
In FO1, the sheet is folded along the longer edge. After the first fold, the dimensions of sheet A are:
\[
\frac{24}{2} \, {cm} \times 16 \, {cm} = 12 \, {cm} \times 16 \, {cm}.
\]
After the second fold along the longer edge, the dimensions become:
\[
\frac{12}{2} \, {cm} \times 16 \, {cm} = 6 \, {cm} \times 16 \, {cm}.
\]
The perimeter of the final folded shape of A is:
\[
2 \times (6 + 16) = 2 \times 22 = 44 \, {cm}.
\]
Step 2: Fold sheet B twice using FO2.
In FO2, the sheet is folded along the shorter edge. After the first fold, the dimensions of sheet B are:
\[
24 \, {cm} \times \frac{16}{2} \, {cm} = 24 \, {cm} \times 8 \, {cm}.
\]
After the second fold along the shorter edge, the dimensions become:
\[
24 \, {cm} \times \frac{8}{2} \, {cm} = 24 \, {cm} \times 4 \, {cm}.
\]
The perimeter of the final folded shape of B is:
\[
2 \times (24 + 4) = 2 \times 28 = 56 \, {cm}.
\]
Step 3: Compute the ratio of perimeters.
The ratio of the perimeters of A to B is:
\[
\frac{44}{56} = \frac{11}{14}.
\]
Since the question asks for the inverse ratio (final to initial), the ratio is:
\[
{Ratio} = 14:11.
\]
Final Answer:
\[
\boxed{{(1) 14:11}}
\]