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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 Prior Year $ 59,531 $ 48,351 265,595 229,234 131,339 128, 645 116,866 100,814 Google Current Year Prior Year $ 30,736 $ 12,662 136,819 110,855 135,676 124,308 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. (Round your percentage answers to 1 decimal place.) Profit Margins 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 (b) Google % % Required 1 Required 2 > 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 current ratios for (a) Apple and (b) Google for the two years reported above. (Round your answers to 2 decimal places.) es Current Ratios Current Year Prior Year (a) (b) Apple Google

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