Key figures for the recent two years of both Apple and Google follow. $ millions Apple Google
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Question:
Key figures for the recent two years of both Apple and Google follow.
$ millions | Apple | |||
---|---|---|---|---|
Current Year | Prior Year | Current Year | Prior Year | |
Net income | $ 55,256 | $ 59,531 | $ 34,343 | $ 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?
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