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10 The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Merry International Inc. for the 2021 fiscal
10 The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Merry International Inc. for the 2021 fiscal year. The following additional information from an analysis of Merry's financial position is available: Current ratio=1.352509. Acid-test ratio 0.5772192; Debt to equity ratio 7375470 Required: Compute the missing amounts in the balance sheet. (Enter your answers in millions of dollars. Round your intermediate and final answers to the nearest whole dollar) MERRY INTERNATIONAL INC. Balance Sheet At December 31, 2021 Current assets Cash and cash equivalents Accounts and notes receivable Inventory Other Total current assets Property and equipment, Intangible assets, net Investiments Notes and other receivables, nat Other assets Total long-term assets Total assets Current liabilities Accounts payable (in millions) Assets $ 1.607 Liabilities and Shareholders' Equity 450 1,504 1,437 $ 605 650 734 Total current assets Property and equipment, net $ 1,607 Intangible assets, net Investments Notes and other receivables, net Other assets Total long-term assets Total assets Current liabilities Accounts payable Salaries payable Other payables Liabilities and Shareholders' Equity 450 1,504 1,437 Total current liabilities Long-term debt Other long-term liabilities 886 Total long-term liabilities Total liabilities Shareholders' equity Common stock Additional paid-in capital Retained earnings 500 3,884 3,606 Total shareholders' equity Total liabilities and shareholders' equity $ 734 812 1,675 3,221 7,990 $ 13,883
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