Access the most recent financial statements of Yahoo and Google. Complete the following preliminary analytical procedures for both companies, and compare between the two companies:
a. Analyze trends in the ending cash balance over time.
b. Compute trends in interest returns on investments.
c. Analyze cash balances, and changes therein, in relation to new or retiring debt obligations.
d. Compute the current ratio (current assets/current liabilities).
e. Compute the quick ratio (cash + cash equivalents + net receivables)/ current liabilities.
f. Compare cash flow to sales (operating cash flow/sales) and profitability (operating cash flow/net income).