The following data (dollar amounts in millions) are taken from the financial statements of Number 1 Industries, Inc.:
Total liabilities ................................. $12,500
Total current assets .......................... $13,500
Accumulated depreciation ................ $ 1,600
Debt ratio................................................ 50%
Current ratio ........................................... 1.50

Requirement
1. Complete the following condensed balance sheet. Report amounts to the nearest milliondollars.

Transcribed Image Text:

(In millions) Current assets. Property, plant, and equipment.. Less: Accumulated depreciatio Current liabilities .. Long-term liabilities Stockholders' equity. Total liabilities and stockholders' equity.