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Save Check my work mode: This shows what is correct or incorrect f Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile
Save Check my work mode: This shows what is correct or incorrect f Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile com devices, personal computers, and portable digital music players and sells a variety of related softwa following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Satu MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories $ 14,104 11,441 17,780 2,145 Other current assets 24,265 Total current assets 69,735 Long-term investments 132,450 Property, plant, and equipment, net 20,986 Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,730 12,746 $235,917 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 18,781 8,647 6,420 64,578 29,505 28,349 122,432 25,812 37,672 113,485 $235,917 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on Septem a. Borrowed $18.312 from banks due in two years. b. Purchased additional investments for $25.200 cash one-fifth were long term and the rest were short re to search O Prev 4 5 6
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