At September
September ​24, 2016
2016​, how much in total did customers

owe Cortland

Cortland​? How much did Cortland

Cortland expect to collect and not to collect on September

September ​24, 2016

2016​? What was the net realizable value of Cortland

Cortland​, ​Inc.’s receivables on September

September ​24, 2016

2016​?

Cortland, Inc.

Balance Sheet (Excerpt, Adapted)

(In Millions of $)

Sep. 24, 2016

Sep. 26, 2015

Current assets:

Cash and cash equivalents

$

14,054

$

14,616

Short-term marketable securities

40,889

23,870

Accounts receivable, less allowance of $74 and $83, respectively

18,042

17,571

Inventories

2,141

2,398

Vendor non-trade receivables

13,202

13,445

Other current assets

8,214

15,840

Total current assets

100,198

96,516

Customers owed Cortland, Inc.

. . . . . . . . . . . . . . . . . . . . . . . . .

Cortland, Inc. expected not to collect

. . . . . . . . . . . . . . . . . .

Cortland, Inc. expected to collect—net realizable value

. . . . .

 

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