Enter the missing values in the following selected financial statements (partial) is available for Best, Incorporated Amounts are in millions of dollars. Note: Enter your answers in millions of dollars. Year 1 Year 2 Year 3 Year 4 Income Statements Revenue $1,060 $1,920 $3,075 $1,380 Cost and expenses 980 (2,800) (1,060) Net income $80 $275 $320 Balance Sheets Assets Cash $550 $1,920 $1,140 Other assets 2,300 1,380 2,700 2,960 Total assets $2,850 $3,300 $4,100 Liabilities $870 $670 $1,200 $375 Stockholders' equity Common stock $1,900 $1,900 $2,400 Retained earnings 1,005 Total stockholders' equity 1,980 2,630 3,725 Total liabilities and stockholders' equity $2,850 $4,105 $4,100
Enter the missing values in the following selected financial statements (partial) is available for Best, Incorporated Amounts are in millions of dollars. Note: Enter your answers in millions of dollars. Year 1 Year 2 Year 3 Year 4 Income Statements Revenue $1,060 $1,920 $3,075 $1,380 Cost and expenses 980 (2,800) (1,060) Net income $80 $275 $320 Balance Sheets Assets Cash $550 $1,920 $1,140 Other assets 2,300 1,380 2,700 2,960 Total assets $2,850 $3,300 $4,100 Liabilities $870 $670 $1,200 $375 Stockholders' equity Common stock $1,900 $1,900 $2,400 Retained earnings 1,005 Total stockholders' equity 1,980 2,630 3,725 Total liabilities and stockholders' equity $2,850 $4,105 $4,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
am. 174.
Transcribed Image Text:Enter the missing values in the following selected financial statements (partial) is available for Best, Incorporated Amounts are in millions of dollars.
Note: Enter your answers in millions of dollars. Year 1 Year 2 Year 3 Year 4
Income Statements
Revenue $1,060 $1,920 $3,075 $1,380
Cost and expenses 980 (2,800) (1,060)
Net income $80 $275 $320
Balance Sheets
Assets
Cash $550 $1,920 $1,140
Other assets 2,300 1,380 2,700 2,960
Total assets $2,850 $3,300 $4,100
Liabilities $870 $670 $1,200 $375
Stockholders' equity
Common stock $1,900 $1,900 $2,400
Retained earnings 1,005
Total stockholders' equity 1,980 2,630 3,725
Total liabilities and stockholders' equity $2,850 $4,105 $4,100
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