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Travel Now Inc., reported total cash of $1,480 million at September 30, 2016. Of this amount, $20 million was set aside and could be used
Travel Now Inc., reported total cash of $1,480 million at September 30, 2016. Of this amount, $20 million was set aside and could be used only to fulfill the requirement of an aviation authority of a certain foreign country to protect against the potential nondelivery of travel services in that country in the short term. Another $450 million was invested in money market funds and time deposits with original maturities of less than 90 days. The remaining $1,010 million was held in bank accounts. Travel Now also reported $460 million in short-term investments (maturing in 90-360 days), $51 million of deferred revenue, $735 million of accounts receivable, $220 million of prepaid insurance, and $3,740 of goodwill. Show the current assets section of Travel Now's balance sheet. TIP: Some items are not current assets. (Enter your answers in millions.) TRAVEL NOW INC. Balance Sheet (Partial) (in millions) $ 0
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