The following data were taken from recent annual reports of Intuit Inc., a developer and distributor of

Question:

The following data were taken from recent annual reports of Intuit Inc., a developer and distributor of financial planning software:

The following data were taken from recent annual 11

a. Compute the ratio of fixed assets to long-term liabilities for the current and preceding year. Round to one decimal place.
b. What conclusions can youdraw?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

See More Books

Question Posted: Nov 07, 2012 07:03 AM

See More Questions

The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to over 50 cities in the United States: a. Determine the number of times...
The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...
The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...
The AFL-CIO has undertaken a study of the yearly salaries (in thousands of dollars) of 30 administrative assistants. The organization wants to predict salaries from several other variables. The...
Let A be a diagonalizable matrix with characteristic polynomial (a) If D is a diagonal matrix whose diagonal entries are the eigenvalues of A, show that = p(D) + a1Dn + a2Dn-1 + an+1I = 0 (b) Show...
Refer to E87 for information about the note between Passara Supply Corp. and Wright, Inc. Round calculations to the nearest dollar. Instructions Record the transactions related to the note on Wrights...
A $2.0-\mathrm{H}$ inductor carries a current that is increasing at a rate of $0.40 \mathrm{~A} / \mathrm{s}$. What is the magnitude of the $\mathrm{emf}$ induced in the inductor? Does this...
Perez Mfg.'s August 31 inventory of raw materials is $150,000. Raw materials purchases in September are $400,000, and factory payroll cost in September is $232,000. Overhead costs incurred in...
11. The current in a metallic conductor is plotted against voltage at two different temperatures T and T2. Which is correct :- Current 2 (1) T Voltage (2) T
The evaluation of the pow(a, b, c) function is: a) (a**b)**c b) (a**b) % c c) Error, pow() takes only 2 arguments d) (a**b) and c is ignored.
List the errors you find in the following partial balancesheet: Kraftmaid Company Balance Sheet December 31, 2006 Assets Replacemen Accumulated Book Value Cost Depreciation Property, plant, and...
The financial statements of Home Depot are presented in Appendix E at the end of the text. a. Compute the ratio of fixed assets to long-term liabilities for 2002 and 2001. b. What conclusions can you...
To help familiarize you with the financial reporting of a real company in order to further your understanding of the chapter material. This case will help you to better understand the effect of...
Can you please explain the pros and cons of financing choices for Ralph Lauren Corp. What are some advantages of debt? What are disadvantages of debt?
What is the position of home equity line of credit (HELOC) in relation to the original lien? What is the position of home equity line of credit (HELOC) in relation to the original lien?
Q1 Hadamard's inequality (i) Let A = (a lan) E Rnxn. Let A = QR = Q(r|rn) be a QR factorization of A. - First, show that det(A)| II ri||2. Then, using the previous part, show that det(A)| II1...
In personal risk evaluation and the decision of how much insurance to purchase, one important consideration is the current and future earnings. In homework assignment 2, you will try to find the...
You are considering undertaking a project that requires a $100,000 initial investment andwill generate a safe cash flow equal to $110,000 in one year. A banker approaches yousaying that her bank is...
What are the upper and lower bounds on put option prices?
What are the main distinctions between the different schools of legal interpretation?
Why is examining initial interactions like that of Gia and Lucas an important undertaking for communication theorists? Provide at least one example to support your view.
What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new...
What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new...
What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new...
1. Which CRM process according to you is most critical? Explain why. 2. Discuss the role of CRM in e-Business and e-commerce. 3. Discuss the critical components and architecture of CRM systems. 4....
Suppose that a lumberyard has a supply of 10-ft boards, which are cut into 3-ft, 4-ft, and 5-ft boards according to customer demand. The 10-ft boards can be cut into several sensible patterns. each...
Explain how the use of bound parameters can help defend against web application exploitation.

The following data were taken from recent annual reports of Intuit Inc., a developer and distributor of

Question:

Current Year Preceding Year Property and equipment (net) Long-term liabilities $181,758,000 $174,659,000 14,610,000 12,150,000

Step by Step Answer:

a Current year Ratio of fixed assets to longterm l...View the full answer

Accounting

Students also viewed these Accounting questions