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Apple Google One Year Two Years One Year Two Years $ millions Current Year Prior Prior Current Year Prior Prior Total assets $ 338,516 $365,725 $ 375,319 $ 275,909 $ 232,792 $ 197,295 Net sales 260,174 265,595 229, 234 161,857 136,819 110,855 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 asset tumover underperform or outperform the 0.5 industry asset turnover 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 Apple times Google times times times Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 In the current year, which company is more efficient in generating net sales given total assets? Which company is more efficient in generating net sales given total assets? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Requirert 3 Does asset turnover underperform or outperform the 0.5 industry asset turnover for (@) Apple and (b) Google? Asset Turnover (a) Apple (b) Google Complete this question by entering your answers in the tabs below. Required 1 Required 2 Requirert 3 Does asset turnover underperform or outperform the 0.5 industry asset turnover for (@) Apple and (b) Google? Asset Turnover (a) Apple (b) Google

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