Nokia (www.Nokia.com), Research In Motion, and Apple are all competitors in the global marketplace. Comparative figures for these companies€™ recent annual accounting periods follow.

Required
1. Compute total asset turnover for the most recent two years for Nokia using the data shown.
2. Which company is most efficient in generating net sales given the total assets itemploys?

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Nokia (EUR millions) Research In Motion Apple in millions, except turnover) Current Prior Two Years Current Prior Current Prior Year YearPrio Year Total assets Net sales Total asset turnover. 35,738 39.582 37,599 $10.204 8,10 7$36,171 40,984 50.710 5058 93 065 42905 37.491 1.63 1.63 1.03 1.22