The following data (dollar amounts in millions) are adapted from the financial statements of Sunset, Inc.:
Total Current Assets.........................................................................$15,000
Accumulated Depreciation ............................................................... 1,000
Total Liabilities.................................................................................. 20,000
Debt Ratio......................................................................................... 40%
Current Ratio..................................................................................... 1.25

Requirement
1. Complete the following condensed balance sheet. Report amounts rounded to
the nearest $1 million:

Transcribed Image Text:

Current Assets Property, Plant, and Equipment Less: Accumulated Depreciation Total Assets Current Liabilities Long-Term Liabilities Stockholders Equity Total Liabilities and Stockholders' Equity