Chapt.3 - Number 3. Analysis.pdf - 3 Assignment Print View...

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5/7/2020 Assignment Print View 1/3 3. Award: 25.00 points Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango’s (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 13,944 Short-term investments 11,313 Accounts receivable 17,583 Inventories 2,124 Other current assets 24,029 Total current assets 68,993 Long-term investments 131,040 Property, plant, and equipment, net 20,763 Other noncurrent assets 12,608 Total assets $ 233,404 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable $ 30,401 Accrued expenses 18,579 Unearned revenue 8,551 Short-term notes payable 6,351 Total current liabilities

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