The following data (dollar amounts in millions) are adapted from the financial statements of Valeo, Inc.: Total

Question:

The following data (dollar amounts in millions) are adapted from the financial statements of Valeo, Inc.:

Total Current Assets ........ $12,201

Accumulated Depreciation ...... 1,738

Total Liabilities ......... 14,755

Preferred Shares ........ 10

Debt Ratio ............55.145%

Current Ratio ............ 2.1

Requirement

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

The following data (dollar amounts in millions) are adapted from

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...