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

Required1. Compute profit margins for

(a) Apple?

(b) Google for the two years of data reported above.2. In the current year, which company is more successful on the basis of profit margin?3. Compute current ratios for

(a) Apple

(b) Google for the two years reported above.4. In the current year, which company has the better ability to pay short-term obligations according to the current ratio?

Transcribed Image Text:

Apple Google $ ilions Current Year Prior Year Current Year Prior Year Net income.... Net sales ..... Current assets ... Current liabilities... $ 45,687 215,639 106,869 79,006 $ 12,662 110,855 124,308 24,183 $ 48,351 229,234 128,645 100,814 $ 19,478 90,272 105,408 16,756