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Cadux Candy Company's income statement for the year ended December 3 1 , 2 0 2 1 , reported interest expense of (
Cadux Candy Company's income statement for the year ended December reported interest expense of $ million and income tax expense of $ 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 are listed below. Profitability and turnover ratios with balance sheet items in the denominator were calculated using yearend balances rather than averages. Required: Prepare a December 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's income statement for the year ended December reported interest expense of $ million and
income tax expense of $ 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 are listed below. Profitability and turnover ratios
with balance sheet items in the denominator were calculated using yearend balances rather than averages.
Debt to equity ratio
Current ratio
Acidtest ratio
Times interest earned ratio
Return on assets
Return on equity
Profit margin on sales
Gross profit margin
gross profit divided by net sales
Inventory turnover
Receivables turnover
times
times
times
Required:
Prepare a December balance sheet for the Cadux Candy Company.
Note: Enter your answers in millions.
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