Question: AA 21-2 (Static) Comparative Analysis LO A1 Apple and Google use historical sales growth rates in estimating future sales. Data below are for one product

 AA 21-2 (Static) Comparative Analysis LO A1 Apple and Google use

AA 21-2 (Static) Comparative Analysis LO A1 Apple and Google use historical sales growth rates in estimating future sales. Data below are for one product segment for ead company (Apple: iPhone; and Google: Apps, Hardware, and Cloud services). Apple, 1 Year Apple, 2 Sales ($ millions) Prior Years Prior iPhone $ 164, 688 $ 149, 337 Google, 1 Google, 2 Sales ($ millions) Year Prior Years Prior Apps, Hardware, and Cloud $ 19,906 $ 15, 503 Required: 1. Compute the sales growth rate for each company's product segment. Which company's product segment grew at a faster rate? 2. Assume the sales growth rates computed in part 1 are expected to continue into the current year. Compute estimated sales for e company's product segment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the sales growth rate for each company's product segment. Which company's product segment grew at a faster rate? (Round your answers to 1 decimal place.) Apple Google Sales growth rate % %

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