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Dell Inc.
Team A
ACC362 – Financial Accounting I

June 2, 2009

a. What were the company’s total current assets at the end of its most recent annual reporting period? The total current assets for Dell Inc.’s most recent annual reporting period are $20,151 million for period ending January 30, 2009. The contributions for the total current assets are cash at $8,352 million with the highest amount listed, other accounts are short-term investments, accounts receivable, financing receivables, inventories all are net totals. The last asset listed is other asset at $3,749 million. b. What were the company’s total current assets at the end of the previous annual reporting period? The total current assets for Dell Inc.’s previous annual reporting period are $19,880 million for period ending February 1, 2008. The increase in total current assets from year ending 2008 to the current reporting period of January 30, 2009 is $271 million. The largest swing in current assets was accounts receivable. The total decreased from $5,961 million to $4,731 million, a decrease of $1,230 million. The lowest swing was the financing receivable asset from $1,732 million to $1,712 million. This was a decrease of $20 million.
c. Are the assets included under the company’s current assets listed in the proper order? Explain. Dell Inc. lists their assets in the order of liquidity. Their balance sheet lists cash first, then short-term investments, accounts receivable, financing receivables, inventories, and other current assets. Since assets on the balance sheet are listed in the order of liquidity, Dell Inc has correctly listed their assets in the proper order. d. How are the company’s assets classified? Dell Inc. classifies their assets in this way. Under Current Assets is listed: Cash and cash equivalent, short-term investment, accounts receivable

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