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:
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?
Transcribed Image Text:
Current Year Preceding Year Property and equipment (net) Long-term liabilities $181,758,000 $174,659,000 14,610,000 12,150,000
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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