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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 $ 99,039 211,723 44,715 1,599,858 32,609 80,499 1,318,362 171,756 1,249,459 Other assets (noncurrent) Other current assets Other intangible assets, net Other long-term liabilities other payables and accrued liabilities Prepaid expenses and other Property, plant, and equipment, net Retained earnings Short-term debt $ 47,673 140, 259 1,373,400 415,694 98,503 30,910 508,368 197, 293 50,000 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 assets Liabilities and Stockholders' Equity Current liabilities: Total current liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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