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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

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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.

  1. 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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  1. Compute total asset turnover for the most recent two years for Samsung using the data shown.
  2. Which company is most efficient in generating net sales given the total assets it employs?
Apple Google One Two One Two Current Year Years Current Year Years ($ millions) Year Prior Prior Year Prior Prior Total assets $207.000 $176,064 $116,37 $110,920 $93,798 $72.574 170,910 Net sales 156,508 108.249 59.825 50,175 37,905 Samsung (KRW millions) Apple Google (in millions, Current Prior Two Years Current Prior Current Prior except turnover) Year Year Prior Year Year Year Year Total assets 4214.075,018 181.071.570 WI55,800,263 $207,000 $176,064 $I10,920 $93,798 Net sales 170,910 228,692,667 201,103,613 165,001,77 156,508 59,825 50,175 Total asset turnover 0.89 L07 0.58 0.60

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