Comparative figures for Apple and Google follow.

Required
1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown.
2. Which company is more efficient in generating net sales given the total assets it employs? Assume an industry average of 1.0 for asset turnover.

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Google Apple One Year Prior Two One Year Prior Two Current Year Current Year Years Prior Years Prior ($ illions) Total assets Net sales $93,798 50,175 $75,183 $176,064 $116,371 108,249 $72,574 37,905 $57,851 29,321 65,225 156,508