Question
Access years 2017, 2018, and 2019 financial statements of Yahoo and Google. Complete the following preliminary analytical procedures for both companies, and compare between the
Access years 2017, 2018, and 2019 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).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started