The 2011 balance sheet of Microsoft Corporation reports total assets of $108,704 million, operating liabilities of $38,492 million, and total stockholder’s equity of $57,083 million. Microsoft’s 2011 nonoperating liabilities are:
A) $70,212 million
B) $51,621 million
C) $18,591 million
D) $13,129 million
E) There is not enough information to calculate the amount.
The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $511,000, what is the amount of current liabilities?
The 2013 balance sheet of Microsoft Corp. reports total assets of $142,431 million, operating liabilities of $47,242 million, and total shareholders’ equity of $78,944 million. Microsoft 2013 non-operating liabilities are:
A) $63,487 million
B) $16,245 million
C) $95,189 million
D) $31,702 million
E) There is not enough information to calculate the amount.
A company reports the following income statement and balance sheet information for the current year:
| Net income | $231,470 |
| Interest expense | 40,850 |
| Average total assets | 2,960,000 |
Determine the return on total assets.
