Comparative figures for Apple and Google follow.

Required

1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown.

2. Which company is more efficient in generating net sales given the total assets it employs? Assume an industry average of 1.0 for asset turnover.

Apple Google One Year Prior Two Years Prior One Year Prior Two Years Prior Current Current Year (S millions) Year Total assets . Net sales $207000 $176,064 6,37 110,920 $93,798 $72,574 170,910 156,508 08,249 59,825 50,175 37,905