Apple Inc, headquartered in Cupertinao, 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 Apples (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September).

Apple INC

Consolidated Balance Sheet

September 27t 2014

(Dollars in millions)

Assets

Current assets:

Cash $13,844

Short-term investments 11, 233,

Accounts reciviable 17, 460

Inventories 2,111

Other current assets 23,883

Total current assets 68,531

Long-term investments 130,162

Property, plant and equipment, net 20,624

Other noncurrent assets 12, 522

Total assets $231, 839

Liabilities and stockholders equity

Current liabilities

Accounts payable 30,196

Accrued expenses 18453

Unearned revenue 8491

Short-term notes payable 6308

Total current liabilities 63, 448

Long-term debt 28,987

Other noncurrent liabilities 27,857

Other noncurrent libailities 27857

Total liabilities 120, 292

Shareholders equity:

Common stock (0.0001 par value) 1

Additional paid in capital 23, 312

Retained earnings 88,234

Total shareholders equity 111, 547

Total liabilities and shareholders equity 231, 839