1. Balance Sheet
   1. Describe a cash equivalent. What is your companys cash equivalent and how much is it?
   2. Compute the current ratio. What does this say about your company?
   3. How does your company measure accounts receivable? How do they account for Bad Debt?
   4. Read the footnotes related to inventories. What method does your company use to report inventories? If they were to use a different method, what impact do you think it would have on the balance sheet and income statement. Explain.
   5. What types of investments does your company own?
   6. What types of capital assets (PPE) does your company recognize on the balance sheet?
   7. Does your company have any intangible assets? What are they? How are they valued on the balance sheet? Are they amortized and if so over what period of time? If not, why not?
   8. How many shares of common stock are authorized, issued? Outstanding?
   9. What is the percentage of current assets to total assets for the most recent year?
   10. What is the percentage of current liabilities to total assets for the current year?
   11. What is the percentage of total liabilities to total assets for the most recent year?
   12. What is the percentage of stockholders equity to total assets?

In your opinion, does the company have too much debt?

NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except par value) January 26, January 27, 2020 2019 ASSETS Current assets: Cash and cash equivalents $ 10,896 $ 782 Marketable securities 1 6,640 Accounts receivable, net 1,657 1,424 Inventories 979 1,575 Prepaid expenses and other current assets 157 136 Total current assets 13,690 10,557 Property and equipment, net 1,674 1,404 Operating lease assets 618 Goodwill 618 618 Intangible assets, net 49 45 Deferred income tax assets 548 560 Other assets 118 108 Total assets 17,315 $ 13,292 $ LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable Accrued and other current liabilities Total current liabilities Long-term debt Long-term operating lease liabilities Other long-term liabilities Total liabilities Commitments and contingencies - see Note 13 Shareholders' equity: 687 1,097 1,784 1,991 561 775 5,111 511 818 1,329 1,988 633 3.950 6,051 Preferred stock, $.001 par value; 2 shares authorized; none issued Common stock, $.001 par value; 2,000 shares authorized: 955 shares issued and 612 outstanding as of January 26, 2020; 945 shares issued and 606 outstanding as of January 27, 2019 Additional paid-in capital 7,045 Treasury stock, at cost (342 shares in 2020 and 339 shares in 2019) (9,814) Accumulated other comprehensive income (loss) 1 Retained earnings 14,971 Total shareholders' equity 12,204 Total liabilities and shareholders' equity 17,315 S See accompanying notes to the consolidated financial statements. (9,263) (12) 12,565 9,342 13,292