3. What are your conclusions about Apple’s capital budgeting decisions over the last five years?

Log onto the S&P Market Insight Web site, www.mhhe.com/edumarketinsight. Click on “Company,” which is the first box below the Market Insight title. Type Apple Computer’s ticker symbol “AAPL” in the box and click on Go. Scroll down the left margin and click on “Excel Analytics.” At the top of the left margin you will see the second item listed as Ann. Balance Sheet. Click on “Annual Balance Sheet” and find net plant and equipment.