Question
Scenario : Microsoft Corporation's balance sheet as of June 30th, 2024, contains the following account balances. Complete the table by calculating the total assets, total
Scenario: Microsoft Corporation's balance sheet as of June 30th, 2024, contains the following account balances. Complete the table by calculating the total assets, total liabilities, and shareholders' equity. Also, compute the debt-to-equity ratio.
Assets | Amount (USD) |
Cash and cash equivalents | $80,000,000 |
Accounts receivable | $60,000,000 |
Inventory | $70,000,000 |
Property, plant, and equipment | $500,000,000 |
Investments | $120,000,000 |
Total Assets | $830,000,000 |
Liabilities and Shareholders' Equity | Amount (USD) |
Accounts payable | $50,000,000 |
Notes payable | $30,000,000 |
Accrued expenses | $25,000,000 |
Long-term debt | $200,000,000 |
Total Liabilities | $305,000,000 |
Shareholders' Equity | $525,000,000 |
Total Liabilities and Equity | $830,000,000 |
Debt-to-Equity Ratio | 0.58 |
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