Question
Assets Current assets Cash and cash equivalents $5,498 $3,987 Short-term investments 11,294 5,285 Trading assets 5,093 4,648 Accounts receivables, net 2,867 2,273 Inventories 3,757 2,935
Assets | ||
Current assets | ||
Cash and cash equivalents | $5,498 | $3,987 |
Short-term investments | 11,294 | 5,285 |
Trading assets | 5,093 | 4,648 |
Accounts receivables, net | 2,867 | 2,273 |
Inventories | 3,757 | 2,935 |
Deferred tax assets | 1,888 | 1,216 |
Other current assets | 1,614 | 813 |
Total current assets | 32,011 | 21,157 |
Property, plant and equipment, net | 17,899 | 17,225 |
Marketable equity securities | 1,008 | 773 |
Other long-term investments** | 3,026 | 4,179 |
Goodwill | 4,531 | 4,421 |
Other long-term assets | 5,111 | 5,340 |
Total assets | $63,586 | $53,095 |
Liabilities | ||
Currnet liabilities | ||
Short-term debt | $38 | $172 |
Accounts payable | 2,190 | 1,883 |
Accrued compensation and benefits | 2,888 | 2,448 |
Accrued advertising | 1,007 | 773 |
Deferred income on shipments to distributors | 622 | 593 |
Other accrued liabilities | 2,482 | 1,722 |
Total current liabilities | 9,227 | 7,591 |
Long-term income taxes payable | 190 | 193 |
Long-term debt | 1,677 | 2,049 |
Long-term deferred tax liabilities | 926 | 555 |
Other long-term liabilities | 1,236 | 1,003 |
Total liabilities | 13,256 | 11,391 |
Stockholders' equity: | ||
Preferred stock, $0.001 par value | -- | -- |
Common stock, $0.001 par value, 10,000 shares authorized; 5,581 issued and 5,511 outstanding and capital in excess of par value | 16,178 | 14,993 |
Accumulated other comprehensive income (loss) | 333 | 393 |
Retained earnings | 33,819 | 26,318 |
Total stockholders' equity | 50,330 | 41,704 |
Total liabilities and stockholders' equity | $63,586 | $53,095 |
(a) Compute Intel's net operating assets (NOA) for year-end 2010. 2010 NOA = $Answer
(b) Compute net operating profit after tax (NOPAT) for 2010, assuming a federal and state statutory tax rate of 37%.
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