FSA 3-2 Comparative Analysis LO A1 Key figures for the recent two years of both Apple and Google follow. $ millions Apple Google Current Year Prior Year Current Year Prior Year Net income $ 59,531 $ 48,351 $ 30,736 $ 12,662 Net sales 265,595 229,234 136,819 110,855 Current assets 131,339 128,645 135,676 124,308 Current liabilities 116,866 100,814 34,620 24,183 Required: Compute profit margins for (a) Apple and (b) Google for the two years of data reported above. In the current year, which company is more successful on the basis of profit margin? Compute current ratios for (a) Apple and (b) Google for the two years reported above. In the current year, which company has the better ability to pay short-term obligations according to the current ratio? Complete this question by entering your answers in the tabs below. Required 1Required 2Required 3Required 4 Compute profit margins for (a) Apple and (b) Google for the two years of data reported above. Note: Round your percentage answers to 1 decimal place. Profit Margins Current Year Prior Year (a) Apple not attempted % not attempted % (b) Google not attempted % not attempted % Complete this question by entering your answers in the tabs below. Required 1Required 2Required 3Required 4 Compute profit margins for (a) Apple and (b) Google for the two years of data reported above. Note: Round your percentage answers to 1 decimal place. Profit Margins Current Year Prior Year (a) Apple not attempted % not attempted % (b) Google not attempted % not attempted % Complete this question by entering your answers in the tabs below. Required 1Required 2Required 3Required 4 Compute current ratios for (a) Apple and (b) Google for the two years reported above. Note: Round your answers to 2 decimal places. Current Ratios Current Year Prior Year (a) Apple not attempted not attempted (b) Google not attempted not attempted Complete this question by entering your answers in the tabs below. Required 1Required 2Required 3Required 4 In the current year, which company has the better ability to pay short-term obligations according to the current ratio? Which company has the better ability to pay short-term obligations according to the current ratio? not attempted Required 3