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i need help computing missing amounts in balance sheet The following balance sheet Information (in $ millions) comes from the Annual Report to Shareholders of
i need help computing missing amounts in balance sheet
The following balance sheet Information (in $ millions) comes from the Annual Report to Shareholders of Merry International Inc. for the 2021 fiscal year. The following additional information from an analysis of Merry's financial position is available: Current ratio = 1.352272; Acid-test ratio = 0.5769817, Debt to equity ratio = 6063000 Required Compute the missing amounts in the balance sheet. (Enter your answers in millions of dollars. Round your intermediate and final answers to the nearest whole dollar.) $ 510 MERRY INTERNATIONAL INC. Balance Sheet At December 31, 2021 ($ in millions) Assets Current assets Cash and cash equivalents Accounts and notes receivable Inventory Other Total current assets Property and equipment, net $ Intangible assets, niet Investments 460 1,322 260 $ 639 698 Intangible assets, net Investments 260 Notes and other receivables, net 1,276 Other assets 1,152 Total long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Salaries payable Other payables Total current liabilities Long-term debt Other long-term liabilities 810 Total long-term liabilities Total liabilities Shareholders' equity 500 Common stock Additional paid-in capital 3,656 Retained earnings 3,304 Total shareholders' equity Total liabilities and shareholders' equity 1,200 2,537 7,460 11,983 $ Step by Step Solution
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