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Required information [The following information applies to the questions displayed below.) Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication devices,
Required information [The following information applies to the questions displayed below.) Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication devices, personal computers, and portable digital music players and sells a variety of related software and serv following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of Se 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 Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 14,104 11,441 17,780 2,145 24,265 69,735 132,450 20,986 12, 746 $ 235,917 $ 30,730 Accrued expenses 18,781 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 8,647 6,420 64,578 29,505 28,349 122,432 1 25,812 87,672 113,485 Total liabilities and shareholders' equity $235,917
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