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Microsoft Corporation provided the following information on their June 30, 2021 balance sheet: Microsoft Corporation Balance Sheet As of June 304 (In millions, except number
Microsoft Corporation provided the following information on their June 30, 2021 balance sheet: Microsoft Corporation Balance Sheet As of June 304 (In millions, except number of shares which are reflected in thousands and par value) Assets: 2021 2020 Current Assets: Cash and cash equivalents $ 14.224 $ 13,576 Short-term investments 116, 110 122.951 Accounts receivable, net of allowance for doubtful accounts of $751 and $788, respectively) 38,043 32,011 Inventories 2,636 1,895 Other current assets 13.393 11,482 Total current assets 184,406 181,915 Non-current assets: Property, plant and equipment, net of accumulated depreciation of $51,351 and 543,197, respectively 59,715 44 151 Operating lease right-of-use assets 11,088 8,753 Equity investments 5,984 2.965 Goodwill 49.711 43,351 Intangible assets, net 7,800 7,038 Other long-term assets 15.075 13,138 Total assets $ 333,779 1. What was Microsoft's bad debt expense for fiscal year 2021? Write your answer in the light blue highlighted area. Show your work, specify the unit of measure. 2. What amount did Microsoft collect in fiscal year 2021 from customers who purchased goods and services for credit? Show your work, specify the unit of measure. Microsoft Corporation provided the following information on their June 30, 2021 balance sheet: Microsoft Corporation Balance Sheet As of June 304 (In millions, except number of shares which are reflected in thousands and par value) Assets: 2021 2020 Current Assets: Cash and cash equivalents $ 14.224 $ 13,576 Short-term investments 116, 110 122.951 Accounts receivable, net of allowance for doubtful accounts of $751 and $788, respectively) 38,043 32,011 Inventories 2,636 1,895 Other current assets 13.393 11,482 Total current assets 184,406 181,915 Non-current assets: Property, plant and equipment, net of accumulated depreciation of $51,351 and 543,197, respectively 59,715 44 151 Operating lease right-of-use assets 11,088 8,753 Equity investments 5,984 2.965 Goodwill 49.711 43,351 Intangible assets, net 7,800 7,038 Other long-term assets 15.075 13,138 Total assets $ 333,779 1. What was Microsoft's bad debt expense for fiscal year 2021? Write your answer in the light blue highlighted area. Show your work, specify the unit of measure. 2. What amount did Microsoft collect in fiscal year 2021 from customers who purchased goods and services for credit? Show your work, specify the unit of measure
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