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a 2. Use the attached balance sheet to answer the following questions What is the largest source of long-term cash being used by the company? How will this source probably affect the company's use of cash on an ongoing basis? (4 points) b What is the company's largest investment in short-term assets? Describe these types of assets (4 points) For common stockholders, what is the amount of investment in the company? Why? (4 points) d How much has the company invested in long term assets? Why are these assets important for the company's success? (4 points) BALANCE SHEETS (In millions) (Unaudited) June 30, 2020 June 30, 2019 $11,356 $13,576 122.951 136,527 133,819 32,011 1,895 29,524 2063 10.146 175,552 181,915 Current assets Cash and cach equivalents Short-term Investments Total cash, cash equivalents, and short-term investments Accounts receivable net of allowance for doubtful accounts of $788 and 5411 Inventories Other current assets Total current assets Property and equipment, net of accumulated depreciation of 543,197 and 535,330 Operating lease night of use assets Equity investments Goodwill Intangible assets, net Other long term assets Total assets Llabilities and stockholders equity Current liabilities Accounts payable Current portion of long term det Accrued compensation Short-term income taxes 44.151 8.753 2,965 43,351 7,038 13.138 $301,311 36,477 7379 2,649 42026 7.750 5286 556 59.382 5516 $12,530 3.749 7,874 2,130 36,000 10,027 72,310 59,578 32.676 Other currenties debt drovence 23 3,180 204 7.671 10.632 5714 80,552 NESE 3.186 FB204 5501 BALANCE SHEETS (In millions) (Unaudited) June 30, 2020 June 30, 2019 $13,576 122,951 136,527 $11,356 122,463 133,819 32,011 1,895 11,482 181,915 29,524 2,063 10,146 175,552 Assets Current assets: Cash and cash equivalents Short-term investments Total cash, cash equivalents, and short-term investments Accounts receivable, net of allowance for doubtful accounts of $788 and $411 Inventories Other current assets Total current assets Property and equipment, net of accumulated depreciation of $43,197 and $35,330 Operating lease right-of-use assets Equity investments Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term unearned revenue Other current liabilities Total current liabilities Long-term debt 44,151 8,753 2,965 43,351 7,038 13,138 $301,311 36,477 7,379 2,649 42,026 7.750 114,723 $286,556 $12,530 3,749 7,874 2,130 36,000 10,027 72,310 59,578 59.382 5,516 6,830 5,665 32,676 9,351 69.420 66,662 Maps 7,038 13,138 $301,311 7,750 14,723 $286,556 Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term unearned revenue Other current liabilities Total current liabilities Long-term debt Long-term income taxes Long-term unearned revenue Deferred income taxes Operating lease liabilities Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity Common stock and paid-in capital - shares authorized 24,000; outstanding 7,571 and 7,643 Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity Total liabilities and stockholders' equity $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 $9,382 5,516 6,830 5,665 32,676 9,351 69,420 66,662 29,612 4,530 233 6,188 7,581 184,226 80,552 34,566 3,186 118,304 $301,311 78,520 24.150 (340) 02.330 $286.556 June 30, 2020 June 30, 2019 $13,576 122.951 136,527 $11,356 122,463 133,819 32,011 1,895 11,482 181,915 29,524 2,063 10,146 175.552 44,151 8,753 2,965 43,351 7,038 13.138 $301,311 36,477 7.379 2,649 42026 7.750 14723 $286.556 Assets Current assets: Cash and cash equivalents Short-term investments Total cash, cash equivalents, and short-term investments Accounts receivable, net of allowance for doubtful accounts of $788 and $411 Inventories Other current assets Total current assets Property and equipment, net of accumulated depreciation of $43,197 and 535,330 Operating lease right-of-use assets Equity investments Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term uneared revenue Other current liabilities Total current liabilities Long-term debt Long term income taxes Long-term uneared revenue Deferred income taxes Operating sase liabilities Other long terms abilities Total abilities Comments and contingen Stockholdersuit Common stock and pada capitale shares ed 30.000 standing-7.571 $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 $9382 5,516 6,830 5,665 32.676 9351 69.420 66,662 29612 4.530 233 6.188 7.58 184.226 80,552 34.566 3.186 118,304 3301,311 78.520 24.150 40 BALANCE SHEETS (In millions) (Unaudited) June 30, 2020 June 30, 2019 $13,576 122,951 136,527 $11,356 122,463 133,819 32,011 1,895 11,482 181,915 29,524 2,063 10,146 175,552 Assets Current assets: Cash and cash equivalents Short-term investments Total cash, cash equivalens, and short-term investments Accounts receivable, net of allowance for doubtful accounts of $788 and $411 Inventories Other current assets Total current assets Property and equipment, net of accumulated depreciation of $43,197 and $35,330 Operating lease right-of-use assets Equity investments Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term uneared revenue Other current liabilities Total current liabilities Long-term debt 44,151 8,753 2,965 43,351 7,038 13,138 $301,311 36,477 7,379 2,649 42,026 7.750 14,723 5286,556 $12,530 3,749 7,874 2,130 36,000 10,027 72,310 59,578 $9,382 5.516 6,830 5.665 32 676 9,351 69 420 66,662 7,038 13,138 $301,311 7,750 14,723 $286,556 Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term unearned revens Other current liabilities Total current liabilities Long-term debt Long-term income taxes Long-term unearned revenue Deferred income taxes Operating lease liabilities Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity: Common stock and paid-in capital - shares authorized 24,000; outstanding 7,571 and 7,643 Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity Total liabilities and stockholders' equity $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 $9,382 5,516 6,830 5,665 32,676 9,351 69,420 66,662 29,612 4,530 233 6,188 7,581 184,226 80,552 34,566 3,186 118,304 $301,311 78,520 24,150 (340) 102,330 $286,556