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FSA 3-2 Key figures for the recent two years of both Apple and Google follow. $ millions Net income.. Net sales Current assets Current liabilities

FSA 3-2 Key figures for the recent two years of both Apple and Google follow. $ millions Net income.. Net sales Current assets Current liabilities Apple Google Current Year Prior Year Current Year Prior Year $ 45,687 $ 53,394 $ 19,478 $16,348 215,639 233,715 90,272 74,989 106,869 89,378 105,408 90,114 79,006 80,610 16,756 19,310 Required 1. Compute profit margins for (a) Apple and (b) Google for the two years of data reported above. 2. In the current year, which company is more successful on the basis of profit margin? 3. Compute current ratios for (a) Apple and (b) Google for the two years reported above. current ratio? 4. In the current year, which company has the better ability to pay short-term obligations according to the

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