year (fiscal year ending on the last Saturday of September). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 14,054 Short-term investments 11,401 Accounts receivable 17,718 Inventories 2,138 Other current assets 24,186 Total current assets 69,497 Long-term investments 131,998 Property, plant, and equipment, 20,915 net Other noncurrent assets 12,702 Total assets $ 235,112 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,625 Accrued expenses 18,717 Unearned revenue 8,617 Short-term notes payable 6,398 Total current liabilities 64,357 Long-term debt 29,404 Other noncurrent liabilities 28, 253 Total liabilities 122,014 Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital 25,512 Retained earnings 87,585 Total stockholders' equity 113,098 Total liabilities and $ 235,112 shareholders' equity 1 Assume that the following transactions in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,304 from banks due in two years. b. Purchased additional investments for $24,500 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,610 in cash and signed a short-term note for $1,448. d. Issued additional shares of common stock for $1,507 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,045 for $19,045 cash. f. Declared $11,163 in dividends to be paid at the beginning of the next fiscal year. 5. Compute Mango's current ratio for the year ending on September 29, 2018. (Round your answer to 2 decimal places.) Current ratio