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Key figures for Apple and Google follow. $ millions Operating cash flows Total assets Current Year $ 77, 434 365, 725 Apple 1 Year Prior
Key figures for Apple and Google follow. $ millions Operating cash flows Total assets Current Year $ 77, 434 365, 725 Apple 1 Year Prior $ 64, 225 375, 319 2 Years Prior $ 66, 231 321, 686 Current Year $ 47,971 232, 792 Google 1 Year Prior $ 37,091 197, 295 2 Years Prior $ 36,036 167, 497 Required: 1. Compute the recent two years' cash flow on total assets ratios for Apple and Google. 2. For the current year, which company has the better cash flow on total assets ratio? 3. For the current year, does cash flow on total assets outperform or underperform the industry (assumed) average of 15% for (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the recent two years' cash flow on total assets ratios for Apple and Google. (Round final answers to 1 decimal place.) Cash Flow On Total Assets Ratio Prior Year Current Year % % Apple Google % %
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