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need blue highlighted boxs filled, pls show work. The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Merry
need blue highlighted boxs filled, pls show work.
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 = 1.352434; Acid-test ratio = 0.5771442; Debt to equity ratio = .6964240. 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.) MERRY INTERNATIONAL INC. Balance Sheet At December 31, 2021 ($ in millions) Assets $ 575 590 Current assets Cash and cash equivalents Accounts and notes receivable Inventory Other Total current assets Property and equipment, net $ 1,517 Intangible assets, net Investments 390 Notes and other receivables, net 1,432 Other assets 1,347 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 862 Total long-term liabilities Total liabilities Shareholders' equity Common stock 500 Additional paid-in capital 3,812 Retained earnings 3,518 Total shareholders' equity Total liabilities and shareholders' equity $ 704 776 1,525 3,005 7,830 $ 13,283Step by Step Solution
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