# Cash conversion cycle | Accounting homework help

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.

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