NAU MT1050 – Assignment Cost Control

LP10.1 Assignment: Google This: “Cost Control”This assignment will assess the competency 10. Analyze the various concepts financial managementDirections:Financial management and accounting are extremely important in any organization or business’s success. For this assignment read the Behind The Scenes at the beginning and end of chapter 17 in your textbook about Google. Using the research you did from the learning activity,LP10 ACTIVITY: For this activity visit Google’s “Investor Relations” section, or research Google on finance.yahoo.com. Look through the latest financial news. How does the company’s financial health look at present? What do the trends for revenue, expenses, and income look like? Does the company report both GAAP and non-GAAP financial results? Why would Google report non-GAAP figures?While researching on the company take notes on and think about:- Should every company have cost controls in place from day one?- What is the debt to equity ratio, what is Google’s Debt to Equity ratio and what ratio would be most likely to get a loan from a bank?- What is the current ratio and does a high or low ratio make a company more or less of a credit risk?and your textbook, write a report answering the following questions:Given the eventual need for rigorous financial management, do you think every company should have extensive cost controls in place from the first moment of operation? Explain your answer.Google recently had a debt-to-equity ratio of 0.04. Microsoft, one of its key competitors, had a debt-to-equity ratio of 0.15. From a bank’s point of view, which of the two companies is a more attractive loan candidate, based on this ratio? Why?Over the course of a recent six-month period, Google’s current ratio increased from 8.77 to 11.91. Does this make Google more or less of a credit risk in the eyes of potential lenders? Why?Provide your report in a word document with standard formatting either single or double spaced in 12 point Times New Roman font. Use proper spelling, grammar, and punctuation. Your report should be between 250 and 1000 words long, longer reports will be accepted so feel free to go over the minimum.Submit this assignment to your instructor via the dropbox “LP10.1 Assignment: Google This: “Cost Control”.” This assignment is worth 50 points and will be graded according to the scoring guide below.