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 2 Years Prior 1 Year Prior 1 Year Prior 2 Years Prior Current Year Current $ millions Year Operating cash flows. Total assets... $ 81,266 290,479 $ 59,713 231,839 $ 53,666 207,000 $ 22,376 $ 18,659 $ 26,024 147,461 129,187 109,050