Question
Use the accounts below for Parsippony, Inc. to prepare a balance sheet in good form at December 31, 2016. ($ millions) Contributed capital $3,186.8 Cash
Use the accounts below for Parsippony, Inc. to prepare a balance sheet in good form at December 31, 2016.
($ millions)
Contributed capital $3,186.8
Cash 1,135.8
Long-term debt 3,815.3
Accounts receivable 1,302.8
Other current assets 875.9
Other long-term assets 9,395.2
Current liabilities 2,907.5
Inventory 1,478.0
Other long-term liabilities 2,642.5
Property plant and equipment 1,551.2
Retained earnings 5,127.3
Other equity (1,940.5)
Use the accounts below for Parsippony, Inc. to prepare an income statement for the year ended December 31, 2016.
($ millions)
Cost of goods sold $8,142.7
Sales 11,406.9
Other operating expenses 268.2
Selling, general and administrative expenses 2,602.0
Income tax expense 61.2
Interest and other non-operating expenses, net 171.3
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