Reformulate the following balance sheet and income statement for a manufacturing concern. Amounts are in millions. The
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Balance Sheet Assets Operating cash Cash equivaients Accounts receivable Inventory Property, piant, and equipment S 23 435 1,827 2,876 3,567 Liabilīties and Equity Accounts payabie Accrued expenses Deferred tax liability $1,245 1,549 712 Long-term debt Preferred stock Common equity Liabilities and equity 3,678 432 1,112 8728 Total assets 58,728 Income Statement Revenues Operating expenses Interest expense Income before tax Income tax Net income Preferred dividends Net income availabie to common $7.493 6,321 221 951 29 656 26 $530
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