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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.MERRY INTERNATIONAL INCORPORATED
Balance Sheet
At December
$ in millions
Assets
Current assets
tableCash 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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