In the left-hand column, click on Financial Statements. Amounts are reported in thou- sands. a. For the
Question:
In the left-hand column, click on Financial Statements. Amounts are reported in thou- sands.
a. For the three most recent fiscal years, list the amounts reported for "Total Revenues" and "Net Incomes. For each of these amounts, comment on the results from 1997 to 1999. Is the trend favorable or unfavorable? In 1999. Intuit started to promote its Internet financial support services. Has this marketing strategy been profitable for Intuit?
b. For the three most recent years. list the amounts reported for "Property and Equipment. Net" and "Total Assets." What percentage of total assets does property and equipment comprise? Would you expect this for an e-finance company?
c. For property and equipment, what is the normal balance? Is the amount reported from before or after posting to the ledger?
Step by Step Answer:
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones