The Google SEC Form 10 K can be found online at
The Google SEC Form 10-K can be found online at Review it and answer the following questions:

a. How large is inventory compared to the other assets on Google’s balance sheet? Did inventory increase, decrease, or remain the same as a percent of total assets from 2011 to 2012?
b. What changes to Google’s business model affected the importance of inventory?
c. Did Google’s liabilities change because of the new business model?
d. Review the operating section of Google’s statement of cash flows and comment on the cash flow implications associated with the changes in the primary working capital accounts during 2012.
e. Does Google use the LIFO, FIFO, or averaging assumption?

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