there is Apple common-size balance sheet and Microsoft's one. the name of their respective balance sheets can be seen on the excel sheets names.

footnotes are not needed because microsoft and apple do not have contingencies

1. Accrued liabilities. Accrued liabilities arise from ordinary operations and provide interest-free financing. Are operating liabilities large for the companies? Compare common-size amounts. What proportion of total liabilities are operating? . . What are the companies' main operating liabilities? Are there substantial contingencies? What gives rise to these? Read the footnote and determine whether the company has recorded a liability on its balance sheet for these contingencies. CI CONSOLIDATED BALANCE SHEETS- USD ($) $ in Millions Sep. 28, 2019 2 Current assets: %-Line Item Value/ [Total assets (B15) x 100%) 3 Cash and cash equivalents $48,844 14.4% 4 Marketable securities 51,713 15.3% 5 Accounts receivable, net 22,926 6.8% 6 Inventories 4,106 1.2% 7 Vendor non-trade receivables 22,878 6.8% 8 Other current assets 12,352 3.6% 9 Total current assets 162,819 48.1% 10 Non-current assets: 11 Marketable securities 105,341 31.1% 12 Property, plant and equipment, net 37,378 11.0% 13 Other non-current assets 32,978 9.7% 14 Total non-current assets 175,697 51.9% 15 Total assets 338,516 100.0% 16 Current liabilities: 17 Accounts payable 46,236 13.7% 18 Other current liabilities 37,720 11.1% 19 Deferred revenue 5,522 1.6% 20 Commercial paper 5,980 1.8% 21 Term debt 10,260 3.0% 22 Total current liabilities 105,718 31.2% 23 Non-current liabilities: 24 Term debt 91,807 27.1% 25 Other non-current liabilities 50,503 14.996 26 Total non-current liabilities 142,310 42 0% 27 Total liabilities 248,028 73.3% 28 Commitments and contingencies 0.0% 29 Shareholders' equity: Title Sheet APPLE Common Size balance sheet Microsoft Common Size Balance D 3 Cash and cash equivalents 4 Short-term investments 5 Total cash, cash equivalents, and short-term investments 6 Accounts receivable, net of allowance for doubtful accounts of $788 and $411 7 Inventories 8 Other current assets 9 Total current assets 10 Property and equipment, net of accumulated depreciation of $43,197 and $35,330 11 Operating lease right-of-use assets 12 Equity investments 13 Goodwill 14 Intangible assets, net 15 Other long-term assets 16 Tossets 17 Current liabilities: 18 Accounts payable 19 Current portion of long-term debt 20 Accrued compensation 21 Short-term income taxes 22 Short-term unearned revenue 23 Other current liabilities 24 Total current liabilities 25 long-term debt 26 Long-term income taxes 27 Long-term unearned revenue 28 Deferred income taxes 29 Operating lease liabilities 30 Other long-term liabilities 31 Total liabilities B $13,576 122,951 136,527 32,011 1,895 11,482 181,915 44,151 8,753 2,965 43,351 7,038 13,138 301,311 4.5% 40.8% 453% 10.6% 0.6% 3.8% 60.4% 147% 2.9% 1.0% 14.4% 2.3% 4.4% 100.0% 12,530 3,749 7,874 2,130 36,000 10,027 72,310 59,578 29,432 - 3,180 204 7,671 10.632 183,007 1296 1.2% 2.6% 0.7% 11.9% 3.3% 24.0% 19.8% 9.8% 1.1% 0.1% 25% 359 60.75 Title Sheet APPLE Common Size balance sheet Microsoft Common Size Balances Microsoft Common-Size Income St