The Goff Computer, Inc. Cost of Capital Minicase featuring Apple, Inc.

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The Cost of Capital for Goff Computer, Inc.
Corporate Financial Management
Finance 601 - Team 1

97

1. In the Financial Statements go to Consolidated Balance Sheet and find the: Q. Book value of Long Term Debt
A. LT Debt: 16,960,000
Q. And, book value of Total Shareholder’s Equity
A. Total S/H Equity: 123,549,000
Apple 10Q or 10K report:
CONSOLIDATED BALANCE SHEETS
(In millions, except number of shares which are reflected in thousands)  

 
  
September 28, 2013
 
 
September 29, 2012
 
ASSETS:
  

 

Current assets:
  

 

Cash and cash equivalents
  
$
14,259
  
 
$
10,746
  
Short-term marketable securities
  
 
26,287
  
 
 
18,383
  
Accounts receivable, less allowances of $99 and $98, respectively   
 
13,102
  
 
 
10,930
  
Inventories
  
 
1,764
  
 
 
791
  
Deferred tax assets
  
 
3,453
  
 
 
2,583
  
Vendor non-trade receivables
  
 
7,539
  
 
 
7,762
  
Other current assets
  
 
6,882
  
 
 
6,458
  

  
 
 
 
 
 
 
 
Total current assets
  
 
73,286
  
 
 
57,653
  

Long-term marketable securities
  
 
106,215
  
 
 
92,122
  
Property, plant and equipment, net
  
 
16,597
  
 
 
15,452
  
Goodwill
  
 
1,577
  
 
 
1,135
  
Acquired intangible assets, net
  
 
4,179
  
 
 
4,224
  
Other assets
  
 
5,146
  
 
 
5,478
  

  
 
 
 
 
 
 
 
Total assets
  
$
207,000
  
 
$
176,064
  

  
 
 
 
 
 
 
 

LIABILITIES AND SHAREHOLDERS’ EQUITY:
  

 

Current liabilities:
  

 

Accounts payable
  
$
22,367
  
 
$
21,175
  
Accrued expenses
  
 
13,856
  
 
 
11,414
  
Deferred revenue
  
 
7,435
  
 
 
5,953
  

  
 
 
 
 
 
 
 
Total current liabilities
  
 
43,658
  
 
 
38,542
  

Deferred revenue – non-current
  
 
2,625
  
 
 
2,648
  
Long-term debt
  
 
16,960
  
 
 
0
  
Other non-current liabilities
  
 
20,208
  
 
 
16,664
  

  
 
 
 
 
 
 
 
Total liabilities
  
 
83,451
  
 
 
57,854
  

  
 
 
 
 
 
 
 

Commitments and contingencies
  

 

Shareholders’ equity:
  

 

Common stock, no par value; 1,800,000 shares authorized; 899,213 and 939,208 shares issued and outstanding, respectively   
 
19,764
  
 
 
16,422
  
Retained earnings
  
 
104,256
  
 
 
101,289
  
Accumulated other comprehensive income/(loss)
  
 
(471

 
 
499
  

  
 
 
 
 
 
 
 
Total shareholders’ equity
  
 
123,549
  
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