2. a Use the attached balance sheet to answer the following questions What is the largest source of long-term cash being used by the company? How will this source probably affect the company's use of cash on an ongoing basis? (4 points) b. What is the company's largest investment in short-term assets? Describe these types of assets. (4 points) For common stockholders, what is their amount of investment in the company? Why? (4 points) d. How much has the company invested in long term assets? Why are these assets important for the company's success? (4 points) C June 30, 2020 June 30, 2019 $13,576 122,951 136,527 $11,356 122,463 133,819 32,011 1,895 11,482 181,915 29,524 2,063 10,146 175,552 44,151 8,753 2,965 43,351 7,038 13,138 $301,311 36,477 7,379 2,649 42,026 7,750 14,723 $286,556 Assets Current assets: Cash and cash equivalents Short-term investments Total cash, cash equivalents, and short-term investments Accounts receivable, net of allowance for doubtful accounts of $788 and $411 Inventories Other current assets Total current assets Property and equipment, net of accumulated depreciation of $43,197 and $35,330 Operating lease right-of-use assets Equity investments Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term uneared revenue Other current liabilities Total current liabilities Long term debt Long term income taxes Long term undamned revenue Deferred income taxes Operating tease liabilities Other long term liabilities Total abilities Commitments and contingencies Stockholders equity $12,530 3,749 7,874 2,130 36,000 10,027 72,310 59,578 29,432 3.180 204 7,671 10,632 183,007 $9,382 5,516 6,830 5,665 32,676 9.351 69 420 66 662 29,612 4,530 233 6.188 7581 184.226 44,151 8,753 2,965 43,351 7,038 13,138 $301,311 36,477 7,379 2,649 42,026 7,750 14,723 $286,556 Property and equipment, net of accumulated depreciation of $43,197 and $35,330 Operating lease right-of-use assets Equity investments Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-termdebt niebt Accrued compensation Short-term income taxes Short-term uneared revenue Other current liabilities Total current liabilities Long-term debt Long-term income taxes Long-term unearned revenue Deferred income taxes Operating lease liabilities Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity Common stock and paid-in capital - shares authorized 24,000, outstanding 7,571 and 7,643 Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity Total liabilities and stockholders' equity $12,530 3,749 7,874 2,130 36,000 10,027 72,310 59,578 29,432 3,180 204 7,671 10,632 183,007 $9,382 5,516 6,830 5,665 32,676 9,351 69,420 66,662 29,612 4,530 233 6.188 7.581 184.226 80,552 34,566 3,186 118,304 S301,311 78.520 24,150 (340) 102,330 $286.556
