Chapter 7, Problem 2BTN

To determine

Introduction:

Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

$\text{Asset Turnover Ratio = }\frac{\text{Sales}}{\text{Average total assets}}$

To Calculate:

Requirement-1:

The Asset turnover ratio of segments of Apple and Google for the most recent year

To determine

Requirement-2:

The interpretation of analysis of Segments Assets Turnover of Apple and Google for the most recent year