Suppose the following items were taken from the December 31, 2017, assets section of the Boeing Company balance sheet. (All dollars are in millions.)
Inventory $16,933
Patents $12,528
Notes receivable-due after December 31, 2018 5,466
Buildings 21,579 Notes receivable-due before December 31, 2018 368
Cash 9,215
Accumulated depreciation-buildings 12,795
Accounts receivable 5,785
Debt investments (short term) 2,008
Required:
1. Prepare the assets section of a classified balance sheet, listing the current assets in order of their liquidity.
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