Question: Current year information for Apple and Google follows. $ millions Apple Google Sales $ 260,174 $ 161,857 Income 55,256 34,343 Average assets 352,121 254,351 Required:

Current year information for Apple and Google follows.

$ millions Apple Google
Sales $ 260,174 $ 161,857
Income 55,256 34,343
Average assets 352,121 254,351

Required: Compute profit margin for each company. Compute investment turnover for each company. Refer to answers for parts 1 and 2. Which company performed better on investment turnover?

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