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The following financial statement information is available for Cisco Systems, Inc The total amount owed to Cisco systems by customers (ignore financing receivables) at July
The following financial statement information is available for Cisco Systems, Inc
The total amount owed to Cisco systems by customers (ignore financing receivables) at July 30, 2016 is:
a. $6,096
b. $5,847
c. $5,598
d. $49,998
e. None of the above.
Jul. 25, 2015 $ 6,877 53,539 5,344 Consolidated Balance Sheets - USD ($) Jul. 30, 2016 $ in Millions Current assets: Cash and cash equivalents $ 7.631 Investments 58,125 Accounts receivable, net of allowance for doubtful accounts of $249 at July 30, 5,847 2016 and $302 at July 25, 2015 Inventories 1.217 Financing receivables, net 4,272 Other current assets 1,627 Total current assets 78,719 Property and equipment, net 3,506 Financing receivables, net 4,158 Goodwill 26,625 Purchased intangible assets, net 2.501 Deferred Tax Assets 4,299 Other assets 1,844 TOTAL ASSETS 121,652 1.627 4,491 1,490 73,368 3.332 3,858 24,469 2,376 4.454 1,516 113,373 12 Months Ende Jul. 30, 2016 Jul. 25, 2015 $ 37,254 11,993 49,247 $ 37,750 11,411 49,161 14,161 4.126 18,287 30,960 15.377 4,103 19,480 29,681 Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions REVENUE: Product Service Total revenue COST OF SALES: Product Service Total cost of sales GROSS MARGIN OPERATING EXPENSES: Research and development Sales and marketing General and administrative Amortization of purchased intangible assets Restructuring and other charges Total operating expenses OPERATING INCOME Interest income Interest expense Other income (loss), net Interest and other income (loss), net INCOME BEFORE PROVISION FOR INCOME TAXES Provision for income taxes NET INCOME 6,296 9.619 1.814 6,207 9.821 2,040 303 359 268 18.300 12.660 1,005 (676) (69) 260 484 18.911 10.770 769 (566) 228 431 12,920 2,181 $ 10,739 11,201 2,220 $ 8,981
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