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For 2017 ABC company reported Net income attributable to ABC of $6,121 on net revenues of $186,402 Use the following information and schedule to forecast

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For 2017 ABC company reported Net income attributable to ABC of $6,121 on net revenues of $186,402 Use the following information and schedule to forecast the balance sheet for 2017. Answers for the lettered items need to be filled in below. Answers for the missing values not lettered will still have to be computed to complete the schedule. Round all computations to whole dollars. A/R to net revenues_ 6.90% Inventories to net revenues. 8.30% CAPEX to net revenues_ 1.70% Forecasted depreciation expense ($ millions)_ $1,231 A/P to net revenues. 4.50% Dividends to net income attributable to ABC company 20.00% In millions Dec. 31. Dec. 31. 2016 2017 Cash and cash equivalents $3,371 Short-term investments 87 87 Accounts receivable, net 12,164 Inventories 14,760 Other current assets 660 660 Total current assets 31,042 Property and equipment, net 10,175 Goodwill 38,249 38,249 Intangible assets, net 13,511 13,209 Other assets 1,485 1,485 Total assets 94,462 Accounts payable 7,946 Claims and discounts payable 9,451 9,879 Accrued expenses 6,937 7,270 Short-term debt 1,874 1,874 Current portion of long-term debt 42 1.916 Total current liabilities 26,250 Long-term debt 25,615 23,699 Accrued expenses 6,937 7,270 Short-term debt 1,874 1,874 Current portion of long-term debt 42 1,916 Total current liabilities 26,250 Long-term debt 25,615 23,699 Deferred income taxes 4,214 4,214 Other long-term liabilities 1549 1,549 Total Liabilities 57,628 Stockholders' Equity Common stock, par value $0.01 17 17 Treasury stock, at cost -33,452 (33,452) Shares held in trust -31 (31) Capital surplus 31,618 31,618 Retained earnings 38,983 Accumulated other comprehensive loss -305 305 Total shareholders' equity 36,830 Noncontrolling interest 6 Total shareholders' equity 36.834 Total liabilities and shareholders' equity $94.462

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