Ch.2 Q3.pdf - 10/24/2020 Assignment Print View P2-5 (Algo)...

This preview shows page 1 - 2 out of 3 pages.

The preview shows page 1 - 2 out of 3 pages.
10/24/2020Assignment Print View1/4P2-5 (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, personalcomputers, and portable digital music players and sells a variety of related software and services. The following is Mango’s (simplified) balance sheetfrom a recent year (fiscal year ending on the last Saturday of September).MANGO INC.CONSOLIDATED BALANCE SHEETSeptember 30, 2017(dollars in millions)ASSETSCurrent assets:Cash$14,084Short-term investments11,425Accounts receivable17,755Inventories2,142Other current assets24,231Total current assets69,637Long-term investments132,264Property, plant, and equipment, net20,957Other noncurrent assets12,728Total assets$235,586

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 3 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
Veitz
Tags
Balance Sheet, Generally Accepted Accounting Principles, Noncurrent Assets

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture