Key figures for the recent two years of both Apple and Google follow.

$ millions	Apple		Google
	Current Year	Prior Year	Current Year	Prior Year
Net income	$ 55,256	$ 59,531	$ 34,343	$ 30,736
Net sales	260,174	265,595	161,857	136,819
Current assets	162,819	131,339	152,578	135,676
Current liabilities	105,718	115,929	45,221	34,620

Required:
1. Compute profit margins for (a) Apple and (b) Google for the two years of data reported above.
2. In the prior 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?

Answer rating: 100% (QA)

1 Profit Margin Net income Sales 100 Apple Current Year 55256260174 100 021 100 21 Prior ... View the full answer