MICROSOFT'S FINANCIAL STATEMENTS INCOME STATEMENTS (In millions) Year Ended June 30, Revenue: Product Service and other Total revenue Cost of revenue: Product Service and other Total cost of revenue Gross margin Research and development Sales and marketing General and administrative Operating income Other income, net Income before income taxes Income taxes Net income $ 2022 72,732 $ 125538 198270 19064 43586 62650 135620 24512 21825 5900 83383 333 83716 10978 72738 2021 71,074 $ 97014 168088 18219 34013 52232 115856 20716 20117 5107 69916 1186 71102 9831 61271 2020 68,041 74974 143015 16017 30061 46078 96937 19269 19598 5111 52959 77 53036 8755 44281

MICROSOFT'S FINANCIAL STATEMENTS BALANCE SHEETS (In millions) June 30 , 2022 2021 Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets Total current assets Net Property and equipment Equity investments Goodwill Intangible assets, net Other long-term assets Total assets \$ 13,931 90826 44261 169684 74398 6891 67524 11298 35045 364840 14,224 116110 38043 2636 18440613393 59715 5984 49711 7800 33377926163 Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Other current liabilities Total current liabilities Long-term debt Other long-term liabilities Total liabilitics \begin{tabular}{rr} 19,000 & 15,163 \\ 2,749 & 8,072 \\ 10,661 & 10,057 \\ 62,672 & 55,365 \\ \hline 95,082 & 88,657 \\ 47,032 & 50,074 \\ 56,184 & 53,060 \\ \hline 198,298 & 191,791 \\ \hline \end{tabular} Stockholders' equity: Common stock - shares outstanding 7,464 and 7,519 Retained earnings Comprehensive income (loss) Total stockholders' equity Total liabilities and stockholders' equity 86,939 84,281 83,111 57,055 (4,678) 166,542 1,82241,98833,779 Ratio Analysis using Excel \begin{tabular}{l|l|l|} \hline Calculate the folowing ratios for Microsoft: & 2022 & \\ \hline \end{tabular}