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Lance-Snyder manufactures, markets, and distributes a variety of snack food products including pretzels, sandwich crackers, kettle chips, cookies, potato chips, tortilla chips, other salty snacks,
Lance-Snyder manufactures, markets, and distributes a variety of snack food products including pretzels, sandwich crackers, kettle chips, cookies, potato chips, tortilla chips, other salty snacks, sugar wafers, nuts, and restaurant-style crackers. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) in alphabetical order: Accounts payable Accounts receivable, net Accrued compensation Additional paid-in capital Cash and cash equivalents Common stock, 67,820,798 shares outstanding Goodwill Inventories Long-term debt $ 100,039 Other assets (noncurrent) 207,723 other current assets 45,965 Other intangible assets, net 1,598,458 Other long-term liabilities 34,409 Other payables and accrued liabilities 79,099 Prepaid expenses and other 1,318,362 Property, plant, and equipment, net 174, 256 Retained earnings 1,248,459 Short-term debt $ 49,673 139,759 1,372,400 417,194 100,003 32,710 507,018 196,093 51,000 Required: 1. Prepare a classified consolidated balance sheet for Lance-Snyder for the current year (ended December 31). (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) LANCE-SNYDER Consolidated Balance Sheet (in millions) Assets Current Assets Total current assets Total assets Ilaha and Bhaldar
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