Key figures for the recent two years of both Apple and Google follow.

Required
1. Compute the current ratio for both years for both companies.
2. Which company has the better ability to pay short-term obligations according to the current ratio?
3. Analyze and comment on each company's current ratios for the past two years.
4. How do Apple's and Google's current ratios compare to their industry (assumed) average ratio of 2.0?

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Apple Google $milions Current assets Current liabilities. Current Year Prior Year Current Year Prior Year $89,378 80,610 $68,531 63.448 $90,114 19,310 $78,656 16,779