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value: 10.00 points A comparative balance sheet and an income statement for Burgess Company are given below Burgess Company Comparative Balance Sheet (dollars in millions)
value: 10.00 points A comparative balance sheet and an income statement for Burgess Company are given below Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets Cash and cash equivalents Accounts receivable Inventory S 43 $ 89 624 626 680 670 1,393 1,545 1,339 Total current assets Property, plant, and equipment Net property,plant, and equipment Total assets 1,520 663 Less accumulated depreciation 794 751 857 $ 2,144 $ 2,196 Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Income taxes payable S 268 $ 164 166 76 184 85 Total current liabilities Bonds payable 537 435 406 640 Total liabilities 972 1,046 Stockholders' equity: Common stock Retained earnings 165 1,007 165 985 Total stockholders' equity 1,172 1,150 Total liabilities and stockholders' equity $ 2,144 2,196
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