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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

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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 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). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments $ 13,974 11,337 17,619 2,127 24,062 69,119 131,280 Property, plant, and equipment, net 20,802 Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable 12,632 $233,833 Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 30,458 18,615 8,569 6,363 64,005 29,243 28,100 121,348 1 24,812 87,672 112,485 $233,833 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,291 from banks due in two years. b. Purchased additional Investments for $23,400 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,597 in cash and signed a short-term note for $1,435. d. Issued additional shares of common stock for $1,495 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,032 for $19,032 cash. f. Declared $11,151 in dividends to be paid at the beginning of the next fiscal year.

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