Balance sheet relations. Selected balance sheet amounts for Intel, a developer and manufac- turer of semiconductors, for

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Balance sheet relations. Selected balance sheet amounts for Intel, a developer and manufac- turer of semiconductors, for four recent years appear below (amounts in millions):

Year 9 Year 10 Year 11 Current Assets ?

Noncurrent Assets $26,030 Total Assets ?

Current Liabilities 7,099 Noncurrent Liabilities 4,095 Contributed Capital ?

Retained Earnings 25,349 Total Liabilities and Shareholders' Equity 43,849 Current Assets/Current Liabilities ?

Year 12

$21,150 $17,633

?

26,762 7

47,945 7 7

?

6,570 $6,595 1,995 2,161 8,389 7,578 28,933 2,445 2,870 Net loss for Year 11 was $1,220 and dividends were $538.

Net income for Year 12 was $1,248 and dividends were $533.

a. Compute the missing amounts for each of the four years.

b. Identity changes in the mix of total assets (that is. the proportion of current versus noncurrent assets) and in the mix of total liabilities versus shareholders' equity over the four years above. Suggest the events or transactions that might explain these changes.

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