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

Required

1. Compute current ratios for (a) Apple and (b) Google for the two years reported above.
2. In the current year, which company has the better ability to pay short-term obligations according to the current ratio?
3. Do (a) Apple’s and (b) Google’s current ratios underperform or outperform the industry (assumed) average ratio of 2.0?

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Аpple Google $ millions Current Year Prior Year Current Year Prior Year Current assets $162,819 $131,339 $152,578 $135,676 ..... Current liabilities..... 105,718 115,929 45,221 34,620