If you purchased a new copy of this text, you will have received a pass code card with access information for S & P's Educational Version of Market Insight. Access to this site is required to answer the following questions.

1		Go to Market Insight (www.mcgrawhill.ca/edumarketinsight). Find the net capitalexpenditures, capital expenditures less sales of plant and equipment, and total sales forRogers Communications (CLB.RG) and Microsoft (MSFT). What were the ratios of netcapital expenditure to sales for the last three years for both companies? What were thesales and net capital expenditures relative to total assets? What might explain the variationin these ratios for these two large corporations? Did the company make an investmentor disinvestment in working capital in each of the three years?