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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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