Obtain Microsoft's June 30, 2016, 10-K either through the ''Investor Relations'' portion of its website (do a search for Microsoft investor relations) or go to www.sec.gov and click ''Company

Filings Search'' under ''Filings.''

Required:

1. How much cash and equivalents and short-term investments did Microsoft hold as a percentage of total assets at the end of fiscal 2015 and 2016?

2. What is Microsoft's definition of a cash equivalent (see Note 1 under the ''Financial Instruments'' heading)? Does this appear consistent with other companies' definitions?

3. Look at Note 4 and specify how much of Microsoft's cash and equivalent balance is actually cash at the end of fiscal 2016. Other than cash, what items make up the cash and cash equivalent balance?

4. Locate the certifications required by the CEO and CFO under Section 302 of the Sarbanes- Oxley Act. Who signed these certifications?