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The following balanc sheet jinformation (in $ millions) comes from the Annual Report to Shareholders of Merry International Inc. for the 2016 fiscal year. Certain

The following balanc sheet jinformation (in $ millions) comes from the Annual Report to Shareholders of Merry International Inc. for the 2016 fiscal year. Certain amounts have been replaces with question marks to test your understanding of balance sheets. In addition, you are provided with the following information from an analysis of Merry's financial position at the same date:

Current ratio = 1.352259; Acid ratio = 0.5769692; Debt to equity ratio = 4.6675078

Compute the missing amounts (rounded to the nearest $ in millions) in the balance sheet.

Assets

Current Assets

Cash and Equivalents

$505

Accounts and Notes Receivable

?

Inventory

?

Other

450

Total Current Assets

?

Property, Plant, and Equipment

$1,307

Intangible Assets, Net

?

Investments

250

Notes and other Receivables, Net

1,264

Other

1,137

Total Noncurrent Assets

?

Total Assets

?

Liabilities and Shareholders Equity

Current Liabilities

Accounts Payable

$634

Accrued Payroll and Benefits

692

Other Payables and Accruals

1,175

Total Current Liabilities

2,501

Long-Term Debt

?

Other Long-Term Liabilities

2,206

Total Long-Term Liabilities

?

Total Liabilities

?

Shareholders Equity

Class A Common Stock

5

Additional Pai-In Capital

3,644

Retained Earnings

3,286

Treasury Stock and Other

(5,350)

Total Shareholders Equity

1,585

Total Liabilities and Shareholders Equity

$8,983

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