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A comparative balance sheet and an income statement for Burgess Company are given be Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance
A comparative balance sheet and an income statement for Burgess Company are given be Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets: $56 810 735 601 1,675 872 Cash and cash equivalents $ 115 741 678 ,534 1,637 702 935 Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property,plant, and equipment Total assets Liabilities and Stockholders' Equity $2,404 $2,469 Current liabilities: $ 294 197 Accounts payable 153 89 419 770 ,189 Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: 602 500 ,102 230 1,072 302 230 1,050 ,280 $2,469 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $2,404
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