How much cash, cash equivalents, and marketable securities does Apple shareholders really own, net of the IRS claims on this cash? In other words, if Apple liquidated these investments at the value on the balance sheet, repatriated the cash, and paid a one-time dividend, how much would shareholders receive? (Hint: Assume that all the income that Apple has earned in foreign subsidiaries has been converted into cash or investments. Also, when Apple says, "U.S. income taxes have not been provided," it is not referring to the payment of taxes, but to the recognition of taxes from a financial reporting perspective.)