AA 3-2 Comparative Analysis LO A1 Key figures for the recent two years of both Apple and Google follow. Apple Google $ millions Current Year Prior Year Net income $ 55,256 $ 59,531 Current Year $ 34,343 Prior Year $ 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?