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Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a
Mango Inc., headquartered in Cupertino, California, 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 Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September) $ 13,944 11,313 17,583 2,124 24,029 68,993 131,040 20,763 12,608 $ 233,404 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets! Cash Short-term investments recounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Acerued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity! Common stock (S0.00001 per value) Additional paid in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 30,401 18,579 8,551 6,351 63,882 29,186 28,046 121,114 1 24,312 87,977 112,290 $ 233, 404 Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Compute Mango's current ratio for the year ending on September 29, 2018. (Round you Compute Mango's current ratio for the year ending on September 29, 2018. Current ratio
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