Key figures for the recent two years of both Apple and Google follow.

$ millions	Apple		Google
	Current Year	Prior Year	Current Year	Prior Year
Net income	$ 59,531	$ 48,351	$ 30,736	$ 12,662
Net sales	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.
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		%		%

• 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?

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

Which company has the better ability to pay short-term obligations according to the current ratio?

• Required 3