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The following balance sheet information ( in $ millions ) comes from the Annual Report to Shareholders of Merry International Incorporated for the 2 0
The following balance sheet information in $ millions comes from the Annual Report to Shareholders of Merry International Incorporated for the fiscal year. The following additional information from an analysis of Merry's financial position is available:
Current ratio ; Acidtest ratio ; Debt to equity ratio
Required:
Compute the missing amounts in the balance sheet.
Note: Enter your answers in millions of dollars. Round your intermediate and final answers to the nearest whole dollar.
tableAt December $ in millionsAssetsCurrent assetsCash and cash equivalents,,$Accounts and notes receivableInventoryOtherTotal current assetsProperty and equipment, net,Intangible assets, netInvestmentsNotes and other receivables, net,Other assets,Total longterm assetsTotal assetsLiabilities and Shareholders' EquityCurrent liabilitiesAccounts payable,,$Salaries payable,,,Other payables,,,Total current liabilities,,,Longterm debtOther longterm liabilities,Total longterm liabilitiesTotal liabilitiesShareholders equityCommon stock,:Additional paidin capital,Retained earnings,Total shareholders' equity,,,Total liabilities and shareholders' equity,,$
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