AppleComparative figures for Apple and Google follow.

$ millions	Apple			Google
	Current Year	One Year Prior	Two Years Prior	Current Year	One Year Prior	Two Years Prior
Total assets	$ 365,725	$ 375,319	$ 321,686	$ 232,792	$ 197,295	$ 167,497
Net sales	265,595	229,234	215,639	136,819	110,855	90,272

Required:

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

In the current year, which company is more efficient in generating net sales given total assets?

Does each company's asset turnover underperform or outperform the industry (assumed) asset turnover of 0.5 for: (a) Apple and (b) Google?

Compute total asset turnover for the most recent two years for Apple and Google using the data shown. Note: Round your answers to 2 decimal places.

	Total Asset Turnover
	Current Year		One Year Prior
Apple		times		times
Google		times		times