On September 30, 2011, Google was generating increasing amounts of cash from operating activities each year and

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On September 30, 2011, Google was generating increasing amounts of cash from operating activities each year and was unable to fully use it to grow the business. Hence, the levels of liquid investments were increasing so that cash, cash equivalents, and marketable securities comprised 62% of the company’s assets. What would you imagine Google’s management might have been considering as a means of using the cash and liquid investment assets?

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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