Excerpts from the 2012 financial report of Intel, a computer-processor manufacturer, are as follows (dollars in millions).

Review this information, calculate relevant ratios from Figure 5–3, and explain why Intel appears to be a good or poor investment. The tax rate was 26 percent.

2012 2011 2010 Balance Sheet Current assets Long-term assets Current liabilities Long-term debt Shareholders' equity Income Statement Sales Net income Interest expense $31,358 52,993 12,898 20,250 51,203 $25,872 45,247 12,028 13,180 45,911 $31,611 31,575 9,327 4,429 49,430 $53,341 11,005 94 $53,999 12,942 192 $43,623 11,464 109