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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Case 4-68 Researching and Analysis Using the Annual Report

Obtain Microsoft’s June 30, 2016, 10-K either through the "lnvestor Relations" portion of its website (do a search for Microsoft investor relations) or go to www.sec.gov and click "Company Filings Search" under "Filings."

Required:

How much cash and equivalents and short-term investments did Microsoft hold as a percentage of total assets at the end of fiscal 2015 and 2016?

To determine

Concept Introduction:

Cash and Cash Equivalents:

Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities.

To Calculate:

The Cash and Cash Equivalents and short term investments as % of total assets at the end of the fiscal year 2015 and 2016 for Microsoft.

Explanation

The Cash and Cash Equivalents and short term investments as % of total assets at the end of the fiscal year 2015 and 2016 for Microsoft are calculated as follows:

    Microsoft Inc.
    $ in Millions Year 2016 Year 2015
    Cash and cash equivalents (A) 6,510 5,595
    Short-term investments (B) 106,730...

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