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IThe following information applies to the questions displayed below.] Starfruit Inc. headquartered in Ridgway, Colorado, designs, manufactures, and markets mobile communication and media devices, personal
IThe following information applies to the questions displayed below.] Starfruit Inc. headquartered in Ridgway, Colorado, 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 Starfruit's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). STARFRUIT INC. CONSOLIDATED BALANCE SHEET September 27 2014 (dollars in millions) ASSETS Current assets: 13,934 Cash Short-term investments 11,305 Accounts receivable 7,571 nventories 2123 Other current assets 24.018 Total current assets 68,95 Long-term investments 130,960 Property, plant, and equipment, net 20,750 12,600 Other noncurrent assets 233,26 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: 30,382 Accounts payable 18,567 Accrued expenses Unearned revenue 8,545 Short-term notes payable 6,347 Total current liabilities 63,84 Long-term debt 29.167 Other noncurrent liabilities 28,028 121,036 Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital 24.112 88.112 Retained earnings Total stockholders' equity 2.225 233,261 Total liabilities and shareholders' equity
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