Question
XYZ Corp. Balance Sheet as of December 31, 2021 and 2020. ($millions) Assets 2021 2020 Current assets Cash & marketable securities $300 $295 Accounts receivable
XYZ Corp. Balance Sheet as of December 31, 2021 and 2020. ($millions) Assets 2021 2020 Current assets Cash & marketable securities $300 $295 Accounts receivable 415 385 Inventory ? 520 Total $1,495 $1,200 Fixed assets Gross P&E ? $ 1,986 Less: accumulated depreciation 450 350 Net P&E $ 2,137 $1,636 Other long-term assets 422 386 Total ? $ 2,022 Total assets $ 4,054 $3,222
Liabilities and Equities 2021 2020 Current liabilities Accrued wages and taxes $245 ? Accounts payable 315 298 Notes payable 520 452 Total $ 1,080 $960 Long-term debt: 2028 ? Stockholders equity: Preferred stock (25) $25 $25 million shares Common stock 350 350 and paid- in surplus ( 200million shares) Retained earnings 571 ? Total $946 $812 Total liabilities&equity $4,054 $3,222 Fill in the blanks(?) and explain how you arrived at the figures.
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