Multiplex Inc., a public company whose stock is traded on a national stock exchange, reported the following information on its consolidated financial statements for 20x5: From the consolidated income statement : Sales revenues Rental revenues Income before income taxes Income taxes From the consolidated balance sheet: Total assets $ 670,000,000 59,000,000 70,000,000 25,000,000 $716,000,000 Multiplex management determined that it had the following operating segments during 20X5: (1) car rental, (2) aerospace, (3) communications, (4) health and fitness products, and (5) heavy equipment manufacturing. The company assembled the following information for these industry segments for 20X5 (dollar amounts stated in millions): Car Rental Aerospace $255 Communications $ 50 Health/ Fitness $ 60 Equipment $300 $ 64 50 133 182 87 Item Sales Rentals Intersegment sales Cost of goods sold Selling expenses Other traceable expenses Allocation of common costs Assets Other information: Depreciation expense (included above) Capital expenditures 30 13 12 157 246 90 Additional Information 1. The corporate headquarters had general corporate expenses totaling $38,000,000 and assets of $30,000,000 (the chief operating decision maker used neither piece of information in defining operating segment performance). 2. The car rental segment's $15,000,000 of intersegment sales consisted of rentals to the aerospace ($7,000,000) and communications ($8,000,000) segments. The intersegment sales of $50,000,000 of the heavy equipment segment were made to the aerospace segment to use in its manufacturing operations. The heavy equipment segment realized a profit of $13,000,000 from this sale. At December 31, 20X5, $12,000,000 of this profit was unrealized from a consolidated viewpoint. 3. At December 31, 20X5, no intercompany receivables or payables were related to the intersegment car rentals. However, the heavy equipment segment had a $25,000,000 receivable from the intersegment sale to the aerospace segment. The company's policy is to include intersegment receivables in a segments assets for purposes of evaluating segment performance. Required: a. Prepare schedules for each of the three 10 percent tests: (1) the revenue test, (2) the profit-or-loss test, and (3) the assets test. Each schedule should indicate which of Multiplex's industry segments are reportable segments for 20X5. (Enter your answers in millions. Round your percentage answers to 1 decimal place.) MULTIPLEX INC. Schedule for 10% Revenue Test For the Year Ended December 31, 20X5 (in millions) Percent of Segment Combined Revenue Revenue Segment Reportable Segment Car Rental Aerospace Communications Health/Fitness Heavy Equipment Total $ 0 MULTIPLEX INC. Schedule for the 10% Segment Profit or Loss Test For the Year Ended December 31, 20X5 (in millions) Segment Segment Profit (loss) Percent of Test Amount Reportable Segment Car Rental Aerospace Communications Health/Fitness Heavy Equipment Total $ 0 MULTIPLEX INC. Schedule for Segment Assets Test For the Year Ended December 31, 2005 (in millions) Operating Segment Segment Assets Percent of Test Amount Reportable Segment Car Rental Aerospace Communications Health/Fitness Heavy Equipment Total | $ 0 b. Do Multiplex's reportable segments meet the 75 percent revenue test? Yes O No c. Prepare the information about the company's operations in different industry segments as required by ASC 280. (Enter your answers in millions.) MULTIPLEX OPERATIONS Industry Segments (in $millions) Car Rental Aerospace Communications Item Health/ Fitness Heavy Equip. Combined $ 0 $ 0 $ 0 $ 0 $ 0 S 0 $ 0 Sales to: unaffiliated customers customers Intersegment sales Total revenue Depreciation Segment profit Segment assets Expenditures for segment assets od