Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Data table Data table Metro Corporation Metro Corportion Balance Sheets (Adapted) December 31, 2021 and 2020 Balance Sheet (Adpated) December 31, 2021 and 2020
Data table Data table Metro Corporation Metro Corportion Balance Sheets (Adapted) December 31, 2021 and 2020 Balance Sheet (Adpated) December 31, 2021 and 2020 Increase (Decrease) Increase (Decrease) (Dollar amounts in millions) 2021 2020 Amount Percentage (Dollar amounts in millions) 2021 2020 Amount Percentage Liabilities and Stockholders' Equity Assets Current liabilities: Current assets: Accounts payable $ 966 $ 860 $ Cash and cash equivalents $ 1210 $ 980 $ 230 23.5% Income tax payable 42 66 106 (24) (364) 12.3% Shon-term investments 14 45 (34) (708) Short-term debt 128 116 12 103 Receivables, ne 230 208 (38) (142) 66 68 (2) (2.9) Other Inventories 102 70 32 457 1,202 1,110 02 Prepaid expenses and other assets 292 302 (10) Total current liabilities 83 (33) Long-term debt 3,645 2.970 678 22.8 Total current assets 1.346 1,068 100 10.8 1,128 1,006 32 29 Other liablites Property, plant, and equipment, net 3.000 3.380 274 A1 5.978 5.176 802 155 Intangible assets 1,020 348 172 203 820 730 06 Stockholders' equity Other assets 132 Common stock 7,354 S 8.6325 722 Total assets 10.9% Retained eamings 2 2 1,534 1,640 (106) (65) Print Done Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started