Accounting practice problem 15
Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $375,319 229, 234 Apple One Year Prior $321,686 215,639 Two Years Prior $290, 345 233,715 Current Year $ 197,295 110,855 Google One Year Prior $167,497 90,272 Two Years Prior $147, 461 74,989 Required: 1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown 2. In the current year, which company is more efficient in generating net sales given total assets? 3. Does each company's asset turnover underperform or outperform the industry (assumed) asset turnover of 0.5 for: (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total asset turnover for the most recent two years for Apple and Google using the data shown. (Round your answers to 2 decimal places.) Total Asset Turnover Current Star One Year Prior times Apple Google I times Required 2 > Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $375,319 229,234 Apple One YearTwo Years Prior Prior $321,686 $290, 345 215,639 233,715 Current Year $ 197,295 110,855 Google One Year Prior $167,497 9 0,272 Two Years Prior $147,461 74,989 Required: 1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown. 2. In the current year, which company is more efficient in generating net sales given total assets? 3. Does each company's asset turnover underperform or outperform the industry (assumed) asset turnover of 0.5 for: (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 In the current year, which company is more efficient in generating net sales given total assets? Which company is more efficient in generating net sales given total assets? Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $375,319 229, 234 Apple One Year Two Years Prior Prior $321,686 $290, 345 215,639 233,715 Current Year $197,295 110,855 Google One Year Prior $167,497 9 0,272 Two Years Prior $147, 461 74,989 Required: 1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown. 2. In the current year, which company is more efficient in generating net sales given total assets? 3. Does each company's asset turnover underperform or outperform the industry (assumed) asset turnover of 0.5 for: (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Does each company's asset turnover underperform or outperform the industry (assumed) asset turnover of 0.5 for: (a) Apple and (b) Google? Asset Turnover () Apple (6) Google
