Question

millions Total assets Net Sales Current Year $375, 319 229,234 Apple One Year Prior 321,686 215,639 THO Year's Prior $290, 345 233,715 current Year $ 197,295 110,855 Google One YearTWO Years Prior Prior $167,497 $ 147,461 90,272 74,989 Required: 1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown. 2. In the current year, which company is more efficient in generating net sales given total assets? 3. Does each company's asset turnover underperform or outperform the industry (assumed) asset turnover of 0.5 for: (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total asset turnover for the most recent two years for Apple and Google using the data shown. (Round your answers to 2 decimal places.) Total Asset Turnover Current Year One Year Prior times Apple Google

Answer 1

Po Anne but measure 2 the A0_awet bynowe/ no means that every worth of asset generated world revenu . In general, higher the diset bynower rate more turns the better Asset brate a fraquial to the meas efficiency of comporta de ofits diners in general sales ac or sale income to the company JEI 46 the In the kape of Att Turno - Net Sales Revenue - Average Total Assets. current year, the Apple 0.66 times Assel Turnove Google 0.51 times Average Total Assets is the average of the values of total quets from Hue ompany balance sheel in the begning and the end of the period. So, as per the given information Apple has higher anset nove Yoljsthan fregle - Therefore, in the current year Apple is the more effectent 19 generating net sales gwen tollessa Computation of Asset Tuned for the most recent 2 years 3. Indushy Asset Tuove for both magis 4 Apple 9110 C) Gobles as time - Apple one year Arfor Wirent Year - Google one year Prior unrent iter As we have solved the asset tonove ratio of both the companles (Apple and Google) for one your pror and current year, it is more than a.so time of the iqlisty tyler att for both 2 years opening Ants a clon Assets 290345 | 32/C86 22/686 875319 147461 162497 157497 197291 Abst. Asks 306015. SOL 348502.50 157479182,336 Honce industry both the companies outperform then the turnover ako - Total Asset Turnover current Year One Year Pror * Not sale 215633 229234 90271 110855 se wave 0.70 0.66 0.57 0.61 0.66 imes t ings Apple Goog 10.6 times out time

Po Anne but measure 2 the A0_awet bynowe/ no means that every worth of asset generated world revenu . In general, higher the diset bynower rate more turns the better Asset brate a fraquial to the meas efficiency of comporta de ofits diners in general sales ac or sale income to the company JEI 46 the In the kape of Att Turno - Net Sales Revenue - Average Total Assets. current year, the Apple 0.66 times Assel Turnove Google 0.51 times Average Total Assets is the average of the values of total quets from Hue ompany balance sheel in the begning and the end of the period. So, as per the given information Apple has higher anset nove Yoljsthan fregle - Therefore, in the current year Apple is the more effectent 19 generating net sales gwen tollessa Computation of Asset Tuned for the most recent 2 years 3. Indushy Asset Tuove for both magis 4 Apple 9110 C) Gobles as time - Apple one year Arfor Wirent Year - Google one year Prior unrent iter As we have solved the asset tonove ratio of both the companles (Apple and Google) for one your pror and current year, it is more than a.so time of the iqlisty tyler att for both 2 years opening Ants a clon Assets 290345 | 32/C86 22/686 875319 147461 162497 157497 197291 Abst. Asks 306015. SOL 348502.50 157479182,336 Honce industry both the companies outperform then the turnover ako - Total Asset Turnover current Year One Year Pror * Not sale 215633 229234 90271 110855 se wave 0.70 0.66 0.57 0.61 0.66 imes t ings Apple Goog 10.6 times out time