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The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Hotel California for the 2013 fiscal year. (Certain amounts

The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Hotel California for the 2013 fiscal year. (Certain amounts have been replaced with question marks to test your understanding of balance sheets.) In addition, youre provided with the following information from an analysis of Hotel Californias financial position at the same date:

Current ratio = 1.440584

Acid-test ratio = 0.489143

Debt-to-equity ratio = 3.040706

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

Assets Current assets

Cash and equivalents $565

Accounts and notes receivable 49

9 Inventory 2,410 Other 175

Total current assets 3,649

Property and equipment, net $1,443

Intangible assets, net 1,285

Investments 596

Notes and other receivables, net 988

Other 973

Total non-current asssets 5,285

Total assets 8,934

Liabilities and Shareholders Equity

Current liabilities

Accounts payable $854

Accrued payroll and benefits ?

Other payables and accruals 996

Total current liabilities 2533

Long-term debt ?

Other long-term liabilities 1,915

Total long-term liabilities ?

Total liabilities 6,723

Shareholders equity

Common stock 1,136

Additional paid-in capital 3,490

Retained earnings 3,265

Treasury stock and other (-5,680)

Total shareholders equity 2,211

Total liabilities and shareholders equity 8,934

I seem to be stuck with getting Long- term debt figured out and from there i can figure out the rest. show your work please :)

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