Prepare the managerial balance sheet of the following US company balance sheet (the company applies US GAAP): 

Transcribed Image Text:

In millions Assets Current assets: Cash and cash equivalents Short-term investments Merchandise inventories Deferred income taxes Other current assets Total current assets Property, less accumulated depreciation Long-term investments Other assets Total assets Fiscal year-end $245 416 8,209 166 215 9,251 22,722 253 460 $32,686