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The following balance sheet information (in S millions) comes from the Annual Report to Shareholders of Merry International Incorporated for the 2024 fiscal year.
The following balance sheet information (in S millions) comes from the Annual Report to Shareholders of Merry International Incorporated for the 2024 fiscal year. The following additional information from an analysis of Merry's financial position is available Current ratio=1.352472. Acid-test ratio=0.5771817 Debt to equity ratio = 0.7171930 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 31, 2024 Current assets Cash and cash equivalents Accounts and notes receivable Inventory Other Total current assets (S in millions) Assets $ 590 Property and equipment, net $ 1,562 Intangible assets, net Investments Notes and other receivables, not Other assets 420 1.468) 1,392) Total long-term assets Total assets Liabilities and Shareholders' Equity 620 4 Current liabilities Accounts payable Salaries payable Other payables Liabilities and Shareholders' Equity Total current liabilities Long-term debt Other long-term liabilities 874 Total long-term liabilities Total liabilities Shareholders' equity Common stock Additional paid-in capital Retained earnings 500 3,848 3,562 Total shareholders' equity Total liabilities and shareholders' equity $ 719 794 1,600 3,113 7,910 $ 13,583
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