Key figures for the recent two years of both Apple and Google follow. $ millions Net income Net sales Current assets Current liabilities Apple Current Year $ 48,351 229, 234 128,645 100,814 Prior Year $ 45,687 215,639 106,869 79,006 Google Current Year 12,662 110,855 124,308 24,183 Prior Year $ 19,478 90,272 105,408 16,756 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. (Round your percentage answers to 1 decimal place.) Profit Margins Current Year Prior Year (a) Apple (6) Google Required 1 Required 2 Required 3 Required 4 Compute current ratios for (a) Apple and (b) Google for the two years reported above. (Round your answers to 2 decimal places.) Current Ratios Current Year Prior Year (a) Apple (b) Google 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