Homework Answers
| 1) | |||
| Profit Margin = Net Income / Sales | |||
| Current Year | Prior Year | ||
| Apple | 21.2% | 22.8% | |
| ($45687/215639) | ($53394/233715) | ||
| 21.6% | 21.8% | ||
| ($19478/90272) | ($16348/74989) | ||
| 2) | Google is more successful. | ||
| Because in current Googl's profit margin is higher than Apple. | |||
| 3) | Current Ratio = Current Assets / Current Liabilities | ||
| Current Year | Prior Year | ||
| Apple | = $106869/79006 | = $89378/80610 | |
| =1.35 times | =1.11 times | ||
| = $105408/16756 | = $90114/19310 | ||
| =6.29 times | =4.67 times | ||
| 4) | |||
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