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Key figures for the recent two years of both Apple and Google follow. $ millions Current assets Current liabilities Required Apple Google Current Year Prior

image text in transcribed Key figures for the recent two years of both Apple and Google follow. $ millions Current assets Current liabilities Required Apple Google Current Year Prior Year Current Year Prior Year $ 162,819 $ 131,339 $ 152,578 105,718 115,929 45,221 $ 135,676 34,620 1. Compute current ratios for (a) Apple and (b) Google for the two years reported above. 2. In the current year, which company has the better ability to pay short-term obligations according to the current ratio? 3-a. Do Apple's current ratio underperform or outperform the industry (assumed) average ratio of 2.0? 3-b. Do Google's current ratio underperform or outperform the industry (assumed) average ratio of 2.0? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A and 3B Compute current ratios for (a) Apple and (b) Google for the two years reported above. (Round your answers to 2 decimal places.) Apple Google ($ millions) Current Prior Current Prior Current ratios

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