Following are fiscal year financial statements of ()racle Corporation.

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Forecast Oracle's 2009 income statement, balance sheet, and statement of cash flows; round forecasts to \(\$\) millions. (Note: Oracle's long-term debt footnote reports that current maturities of long-term debt are \(\$ 1.0\) billion for May 2009; Oracle includes the current maturities with "Notes payable, current and other current borrowings" on its balance sheet. Oracle reports it has "not paid cash dividends and does not anticipate declaring cash dividends on common stock.") Identify all financial statement relations estimated and assumptions made; estimate forecasted income statement relations to 1 decimal (assume no change for: interest expense, nonoperating income, marketable securities, deferred tax assets and liabilities, prepaid expenses, accrued restructuring liability, deferred revenues, other long-term liabilities, common stock, additional paid-in capital, and accumulated other comprehensive income). What do the forecasts imply about the financing needs of Oracle?

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Consolidated Balance Sheets 2008 2007 May 31 (in millions, except per share data)* Assets Cash and cash equivalents $ 8,262 $ 6,218 Marketable securities..... Trade and other receivables, net 2,781 802 5,799 4,589 Deferred tax assets Prepaid expenses and other current assets. 853 968 408 306 Total current assets. 18,103 12,883 Property 3,640 3,459 Accumulated depreciation (1,952) (1,856) Property, net..... 1,688 1,603 Goodwill, intangible assets, and other assets, net. 27,477 20,086 Total noncurrent assets... 29,165 21,689 Total assets. $47,268 $34,572 Liabilities and Stockholders' Equity Notes payable, current and other current borrowings. $ 1,001 $ 1.358 Accounts payable...... 383 315 Income taxes payable 390 1.237 Accrued compensation and related benefits. 1,770 1,349 Accrued restructuring.. Deferred revenues Other current liabilities. Total current liabilities.. 308 201 4,492 3,492 1,685 1,435 10,029 9,387