The following balances were taken from the October 31, 2012, balance sheet of Hewlett- Packard (dollars in

Question:

The following balances were taken from the October 31, 2012, balance sheet of Hewlett- Packard (dollars in millions).

Current assets ........ $50,637

Long-term assets .......58,131

Current liabilities ........46,666

Long-term liabilities .......39,269

Shareholdersâ€™ equity ......22,833

Early in fiscal 2013, Hewlett-Packard considered the financial effects of several events.

REQUIRED:

For each of the five events listed here, indicate how they would affect the financial ratios listed by completing the following chart. Assume that financial statements are prepared immediately after each event. Treat each event independently, and use the following key: Increase (+), Decrease (â€“), and No Effect(NE).

The following balances were taken from the October 31, 2012,

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