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The comparative financial statements of Perfection Pools, Inc., for 2023, 2022, and 2021 included the following select data: (In millions) 2023 2022 2021 Balance sheet
The comparative financial statements of Perfection Pools, Inc., for 2023, 2022, and 2021 included the following select data:
(In millions) | |||
| 2023 | 2022 | 2021 |
Balance sheet | |||
Current assets: | |||
Cash | $90 | $65 | $45 |
Investment in trading securities | 145 | 170 | 115 |
Receivables, net of allowance for uncollectible accounts of $7, $6, and $4, respectively | 280 | 250 | 230 |
Inventories | 340 | 360 | 305 |
Prepaid expenses | 95 | 15 | 50 |
Total current assets | $950 | $860 | $745 |
Total current liabilities | $560 | $600 | $650 |
Income statement | |||
Net sales (all on account) | $7,420 | $5,040 | $4,745 |
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