h. Read the excerpts of the press release titled Google Announces Fourth Quarter and Fiscal Year 2013 Results and review Googles operating performance reported in the statements of income accompanying the press release.

i How would you characterize Googles financial performance, especially revenues and income from operations, for the fourth quarter of fiscal 2013? For the full fiscal year 2013? In your answer, consider growth rates in revenues and income numbers and profit margins (income relative to revenue).

ii. The press release includes information about non-GAAP financial measures for the fourth quarter of 2013. Consider the table that reconciles GAAP measures to the non-GAAP measures. What explains the difference between GAAP net income and the non-GAAP equivalent? Do you agree with each of Googles adjustments in computing non-GAAP earnings? Why or why not?