Key figures for Apple and Google follow.

Required
1. Compute the recent two years' cash flow on total assets ratios for Apple and Google.
2. What does the cash flow on total assets ratio measure?
3. Which company has the highest cash flow on total assets ratio for the periods shown?
4. Does the cash flow on total assets ratio reflect on the quality of earnings? Explain.

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Apple Google Current I Year 2 Years Current I Year 2 Years (S millions) Year Prior Prior Year Prion Prior Operating cash flows...53,666 50,856 37,529 18,659 $16,619 $14,565 Total assets. . . 207,000 76,064 116,37 0,920 93,798 72,574