vishusubject-Accounting Key figures for the recent two years of both Apple and Google follow.$ millionsNet incomeNet salesCurrent assetsCurrent liabilitiesAppleRequired 1CurrentYear Prior Year$ 59,531 $ 48,351265,595 229, 234131,339 128,645116,866 100,814Required 2Required:1. Compute profit margins for (a) Apple and (b) Google for the two years of data reported above.2. In the current 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?GoogleCurrentYear$ 30,736136,819135,67634,620Complete this question by entering your answers in the tabs below.Required 3 Required 4Prior Year$ 12,662110,855124,30824,183< Required 1In the current year, which company is more successful on the basis of profit margin?Which company is more successful on the basis of profit margin?Required 3>

Lets understand the basics.Profit margin ratio is ratio which shows how much net income is earned as…

Key figures for the recent two years of both Apple and Google follow. Apple $ millions Net income Net sales Current assets Current liabilities Current Year $ 59,531 265,595 131,339 116,866 Prior Year $ 48,351 229, 234 128,645 100,814 Google Current Year $ 30,736 136,819 135,676 34,620 Prior Year $ 12,662 110,855 124,308 24, 183