Ch.2 Q4.pdf - Assignment Print View P2-5(Algo Recording...

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10/24/2020 Assignment Print View 2/6 P2-5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T- Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 [The following information applies to the questions displayed below.] 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 $ 14,084 Short-term investments 11,425 Accounts receivable 17,755 Inventories 2,142 Other current assets 24,231 Total current assets 69,637 Long-term investments 132,264 Property, plant, and equipment, net 20,957 Other noncurrent assets 12,728

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