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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 Google
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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