Current year information for Apple and Google follows. $ millions Apple...
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Accounting
Current year information for Apple and Google follows.
| $ millions | Apple | |
|---|---|---|
| Sales | $ 260,174 | $ 161,857 |
| Income | 55,256 | 34,343 |
| Average assets | 352,121 | 254,351 |
Required: Compute profit margin for each company. Compute investment turnover for each company. Refer to answers for parts 1 and 2. Which company performed better on investment turnover?
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