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323 Spring 22-Project 2 Saved Cadux Candy Company's income statement for the year ended December 31, 2021. reported interest expense of $17 million and
323 Spring 22-Project 2 Saved Cadux Candy Company's income statement for the year ended December 31, 2021. reported interest expense of $17 million and income tax expense of $75 million. Current assets listed in its balance sheet include cash, accounts receivable, and inventory Property, plant, and equipment is the company's only noncurrent asset. Financial ratios for 2021 are listed below. Profitability and turnover ratios with balance sheet items in the denominator were calculated using year-end balances rather than averages. Debt to equity ratin 442 Current ratio 4 Acid-test ratio Return on assets Times interest earned ratio Profit margin on sales Return on evity ON Gross profit margin (gross profit divided by net sales) Inventory turnover Receivables turnover 0.0 2.0 1.8 11 times 20% 32% 10% 10 times 25 times Required: Prepare a December 31, 2021, balance sheet for the Cadux Candy Company. (Enter your answers in millions. Round your Intermediate calculations and final answer to the nearest whole million.) CADUX CANDY COMPANY Balance Sheet At December 31, 2021 (All values are in millions) Help Save & Exit Submit Check my work
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