Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $ 338,516 260,174 Apple One Year Prior $ 365,725 265,595 Two Years Prior $ 375,319 229, 234 Current Year $ 275,909 161,857 Google One Year Prior $ 232,792 136,819 Two Years Prior $ 197,295 110,855 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 asset turnover underperform or outperform the 0.5 industry asset turnover 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 Year One Year Prior times times times times Apple Google Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $ 338,516 260,174 Apple One Year Prior $ 365, 725 265,595 Two Years Prior $ 375,319 229, 234 Current Year $ 275,909 161,857 Google One Year Prior $ 232,792 136,819 Two Years Prior $ 197, 295 110,855 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 asset turnover underperform or outperform the 0.5 industry asset turnover for (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 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 $ 338,516 260,174 Apple One Year Prior $ 365,725 265,595 Two Years Prior $ 375,319 229,234 Current Year $ 275,909 161,857 Google One Year Prior $ 232,792 136,819 Two Years Prior $ 197,295 110,855 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 asset turnover underperform or outperform the 0.5 industry asset turnover for (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Does asset turnover underperform or outperform the 0.5 industry asset turnover for (a) Apple and (b) Google? Asset Turnover (a) Apple (b) Google
