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appleComparative figures for Apple and Google follow. $ millions Apple Google Current Year One Year Prior Two Years Prior Current Year One Year Prior Two
appleComparative figures for Apple and Google follow.
$ millions | Apple | |||||
---|---|---|---|---|---|---|
Current Year | One Year Prior | Two Years Prior | Current Year | One Year Prior | Two Years Prior | |
Total assets | $ 365,725 | $ 375,319 | $ 321,686 | $ 232,792 | $ 197,295 | $ 167,497 |
Net sales | 265,595 | 229,234 | 215,639 | 136,819 | 110,855 | 90,272 |
Required:
Compute total asset turnover for the most recent two years for Apple and Google using the data shown.
In the current year, which company is more efficient in generating net sales given total assets?
Does each company's asset turnover underperform or outperform the industry (assumed) asset turnover of 0.5 for: (a) Apple and (b) Google?
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