The following information applies to the questions displayed below.) Starfruit Inc., headquartered in Ridgway, Colorado, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Starfruit’s (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September. STARFRUIT INC. CONSOLIDATED BALANCE SHEET September 272014 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets $ 13,924 1,297 17,559 2122 24,007 68,909 130,880 20,737 12.592 $ 233118 Total assets LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders’ equity: Common stock ($0.0001 per value) Additional paid-in capital Retained earnings Total stockholders’ equity Total liabilities and shareholders’ equity $ 30363 18,555 8,539 6,343 63.800 29,148 28,010 120,958 23,912 88,247 12160 S 233118 Assume that the following transactions (in millions) occurred during the next fiscal year (encing on September 26, 2015) a. Borrowed $18,279 from banks due in two years b . Purchased additional investments for $22,200 cash; one-fifth were long term and the rest were short term. G. Purchased property, plantand equipmentpaid $9,584 in cash and signed a short-term note for $1,422. d. Issued additional shares of common stock for $1481 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,021 for $19,021 cash f. Declared $11,138 in dividends to be paid at the beginning of the next fiscal year
