Key figures for the recent two years of both Apple and Google follow. Apple Google Current $ millions Net income Year Prior Year Current Year Prior Year $ 59,531 $ 48,351 5 30,736 $ 12,662 Net sales 265,595 229,234 136,819 110,855 Current assets 131,339 128,645 135,676 124,308 17:49 Current liabilities 116,866 100,814 34,620 24,183 bed Required: ok ences 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. 4. In the current year, which company has the better ability to pay short-term obligations according to the current ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute profit margins for (a) Apple and (b) Google for the two years of data reported above. Note: Round your percentage answers to 1 decimal place. Profit Margins Current Year Prior Year (a) Apple (b) Google % 3 Assignment $ millions Net income Net sales Current assets Current liabilities Required: Year Saved Prior Year Year $ 30,736 Prior Year $ 12,662 $ 59,531 $ 48,351 265,595 229,234 131,339 128,645 116,866 100,814 136,819 110,855 135,676 124,308 34,620 24,183 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. 4. In the current year, which company has the better ability to pay short-term obligations according to the current ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 In the current year, which company is more successful on the basis of profit margin? Which company is more successful on the basis of profit margin? 1 $ millions Net income Net sales Current assets Current liabilities Required: Year Prior Year Year $ 30,736 Prior Year $ 59,531 $ 48,351 265,595 229,234 131,339 128,645 116,866 100,814 $ 12,662 136,819 110,855 135,676 34,620 124,308 24,103 02:17:10 ipped t Book Print 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. 4. In the current year, which company has the better ability to pay short-term obligations according to the current ratio? Complete this question by entering your answers in the tabs below. ferences Required 1 Required 2 Required 3 Required 4 Compute current ratios for (a) Apple and (b) Google for the two years reported above. Note: Round your answers to 2 decimal places. Current Ratios Current Year Prior Year (a) Apple (b) Google < Required 2 Required 4 > $ millions Net income Net sales Year Prior Year Year Prior Year $ 59,531 $ 48,351 $30,736 $ 12,662 265,595 229,234 136,819 110,855 Current assets 131,339 128,645 135,676 124,308 Current liabilities 116,866 100,814 34,620 24,183 Required: 1. Compute profit margins for (a) Apple and (b) Google for the two years of data reported above. 54 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. 4. In the current year, which company has the better ability to pay short-term obligations according to the current ratio? Complete this question by entering your answers in the tabs below. es Required 1 Required 2 Required 3 Required 4 In the current year, which company has the better ability to pay short-term obligations according to the current ratio? Which company has the better ability to pay short-term obligations according to the current ratio