Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt

Exercise 1

Financial information was provided for Xerox for the period 1997 through 2000. Go to the SEC website (www.sec.gov)and obtain financial information for Hewlett Packard Company for the same reporting periods. How were Xerox's and Hewlett Packard's businesses similar and dissimilar during the relevant time periods Using the financial information, perform some basic ratio analyses for the two companies. How did the two companies financial performance compare Explain your answers.