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Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $ 365, 725 265, 595 Apple One Year Prior $
Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $ 365, 725 265, 595 Apple One Year Prior $ 375, 319 229, 234 Two Years Prior $ 321, 686 215, 639 Current Year $ 232, 792 136, 819 Google One Year Prior $ 197, 295 110, 855 Two Years Prior $ 167, 497 90, 272 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 One Year Prior Current Year times times Apple Google times times
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