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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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vishu

subject-Accounting

Key figures for the recent two years of both Apple and Google follow. $ millions Net income Net sales Current assets Current liabilities Apple Required 1 Current Year Prior Year $ 59,531 $ 48,351 265,595 229, 234 131,339 128,645 116,866 100,814 Required 2 Required: 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? Google Current Year $ 30,736 136,819 135,676 34,620 Complete this question by entering your answers in the tabs below. Required 3 Required 4 Prior Year $ 12,662 110,855 124,308 24,183 < Required 1 In 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 >
Transcribed Image Text:Key figures for the recent two years of both Apple and Google follow. $ millions Net income Net sales Current assets Current liabilities Apple Required 1 Current Year Prior Year $ 59,531 $ 48,351 265,595 229, 234 131,339 128,645 116,866 100,814 Required 2 Required: 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? Google Current Year $ 30,736 136,819 135,676 34,620 Complete this question by entering your answers in the tabs below. Required 3 Required 4 Prior Year $ 12,662 110,855 124,308 24,183 < Required 1 In 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 >
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