Asked on 1 Jun 2020

Key figures for the recent two years of both Apple and Google follow. Apple Google ($ millions) Current Year Prior Year Current Year Prior Year Net income $37,037 $41,733 $12,920 $10,737 Net sales 170,910 156,508 59,825 50,175

Compute profit margins for (a) Apple and (b) Google for the two years of data shown. Which company is more successful on the basis of profit margin? Explain.

Answered on 1 Jun 2020

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