Use Microsoft\'s balance sheets for the fiscal year 2016 to compute the followin

Question

Use Microsoft's balance sheets for the fiscal year 2016 to compute the following (assume equity and other investments is operating) Operating assets Operating liabilities Net operating assets (NOA) c. MICROSOFT CORPORATION Balance Sheet As of June 30, 2016 Current assets $ 6,510 106,730 18,277 2,251 -5,892 Cash and cash equivalents Short-term investments Accounts receivable, net Inventories Other current assets Total current assets Property and equipment, net Equity and other investments Goodwill Intangible assets, net Other long-term assets Total assets Current liabilities: 139,660 18,356 10,431 17,872 3,733 3.642 $ 6,898 12,904 5,264 580 27,468 6,243 59,357 40,783 6,441 1,476 Accounts payable Short-term debt Accrued compensation Income taxes Short-term unearned revenue Other current liabilities Total current liabilities Long-term debt Long-term unearned revenue Deferred income taxes Other long-term liabilities Total liabilities Stockholders' equity 121,697 Common stock and paid-in capital Retained earnings Accumulated other comprehensive income 68,178 2,282 1,537 71,997 Total stockholders' equity Total liabilities and stockholders' equity

Explanation / Answer

a. Operating assets = total assets – cash and cash equivalents – short term investments

= 193,694 – 6,510 – 106,730

= $80,454

b. Operating liabilities = Total liabilities – short term debt – current portion of long term debt – long term debt – operating lease liabilities

= 121,697 – 12,904 – 0 – 40,783 – 0

= $68,010

c. Net operating assets = operating assets – operating liabilities

= 80454-68010

= $12,444

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