Use the following consolidated balance sheet for Intel Corporation annual report A+

Use the following consolidated balance sheet for Intel Corporation annual report.

INTEL CORPORATION

CONSOLIDATED BALANCE SHEET

December 29, 2007

(In Millions, Except Par Value)

Assets

Current assets:

Cash and cash equivalents $ 7,924

Short-term investments 5,508

Trading assets 2,621

Accounts receivable, net of allowance for doubtful accounts of $17 ($27 in 2007) 2,904

Inventories 2,414

Deferred tax assets 925

Other current assets 2,106

Total current assets 24,402

Property, plant and equipment, (net) 16,130

Marketable strategic equity securities 541

Other long-term investments 1,877

Goodwill 3,772

Other long-term assets 1,582

Total assets $ 48,304

Liabilities and stockholders\’ equity

Current liabilities:

Short-term debt $ 228

Accounts payable 1,643

Accrued compensation and benefits 1,557

Accrued advertising 782

Deferred income on shipments to distributors 645

Other accrued liabilities 1,362

Total current liabilities 6,217

Long-term income taxes payable 780

Deferred tax liabilities 89

Long-term debit 970

Other long-term liabilities 1,430

Commitments and contingencies (Notes 18 and 24)

Stockholders\’ equity:

Preferred stock, $0.001 par value, 50 shares authorized; none issued –

Common stock, $0.001 par value, 10,000 shares authorized; 5,562 issued and outstanding(5,818 in 2007) and capital in excess of par value 6,772

Accumulated other comprehensive income (loss) 95

Retained earnings 31,951

Total stockholders\’ equity 38,818

Total liabilities and stockholders\’ equity $ 48,304

Required:

Prepare a common size balance sheet at December 29, 2007.

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