Comparative figures for Research In Motion and Apple follow.

Required
1. Compute total asset turnover for the most recent two years for Research In Motion and Apple 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 assetturnover.

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Apple One Prior Research In Motion One Year Prior Two YearsCurrent Year Prior Two Years Prior Current ($ milions) Year Year $10,204 81 $5,511 Total assets.. Net sales $47,501 $36.17 $25.347 .14,953 11.065 6,009 42,905 37491 24.578