Samsung (Samsung.com), Apple, and Google are all competitors in the global marketplace. Comparative figures for these companies' recent annual accounting periods follow.

Required
1. Compute total asset turnover for the most recent two years for Samsung using the data shown.
2. Which company is most efficient in generating net sales given the total assets it employs?

Transcribed Image Text:

Samsung Apple Google In mllions, except turnover Current Year Prlor Year Two Years Current PriorCurrent Prior Year Prior Year Year Year Total assets Net sales Total asset turnover 242,179,521 230,422,958 214,075,018 $290,479 $231,839 $147,461 $129,187 200,653,482 206,205,987 228,692,667 233,715 182,795 74,989 66,001 0.54 0.55 0.89 0.83