Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Zinger, Inc. Balance Sheet (Excerpt, Adapted) In Millions of $ Sep 27, 2014 Sep 28, 2013 Current assets: Cash and cash equivalents $13,055 $13,808 Short-term

image text in transcribed

Zinger, Inc.

Balance Sheet (Excerpt, Adapted)

In Millions of $

Sep 27, 2014

Sep 28, 2013

Current assets:

Cash and cash equivalents

$13,055

$13,808

Short-term marketable securities

16,462

26,200

Accounts receivable, less allowance of $88 and $78, respectively

17,262

13,366

Inventories

2,198

1,779

Deferred tax assets

4,382

3,414

Vendor non-trade receivables

9,798

7,361

Other current assets

9,861

6,724

Total current assets

73,018

72,652

Long-term marketable securities

131,971

107,691

Property, plant and equipment, net

20,558

16,789

Goodwill

4,709

1,600

Acquired intangible assets, net

3,703

4,496

Other assets

3,731

5,329

Total assets

$237,690

$208,557

At September 27, 2014, how much in total did customers owe Zinger, Inc.? How much did Zinger, Inc., expect not to collect? How much did Zinger, Inc., expect to collect? What was the net realizable value of Zinger, Inc.'s receivables? Millions Customers owed Zinger, Inc. Zinger, Inc. expected not to collect. Zinger, Inc. expected to collect-net realizable value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: William C Boynton, Raymond N Johnson

8th Edition

0471230111, 978-0471230113

More Books

Students also viewed these Accounting questions