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The following information is provided in the 2013 annual report to shareholders of Old Spice: Required: Compute the missing amount in the Old Spice financial

The following information is provided in the 2013 annual report to shareholders of Old

Spice:

Required: Compute the missing amount in the Old Spice financial statement information,

indicated by ??? in the table above.

December 31, 2013 December 31, 2012

Accounts receivable ??? $100 million

Inventory $70 million $30 million

Other assets ??? $170 million

Total assets ??? $300 million

Total liabilities ??? $100 million

Total stockholders equity ??? $200 million

For the year ended Dec. 31, 2013

Net sales ???

Cost of goods sold ???

Net income $40 million

Return on assets 10%

Receivables turnover 8.0

Inventory turnover 12.0

Asset turnover 2.5

Return on stockholders equity 20%

Profit margin on sales 4%

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