MERRY INTERNATIONAL INCORPORATED Balance Sheet At December 31, 2024 ($ in millions) Current assets Cash and cash equivalents Accounts and notes receivable Inventory Other Total current assets Property and equipment, net Intangible assets, net Investments Notes and other receivables, net Other assets Total long-term assets Total assets Current liabilities Accounts payable Salaries payable Other payables Assets GA $ 1,337 Liabilities and Shareholders' Equity Total current liabilities Long-term debt Other long-term liabilities Total long-term liabilities Total liabilities Shareholders' equity Common stock Additional paid-in capital Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 270 1,288 1,167 814 500 3,668 3,322 +A $ 515 470 $ 644 704 1,225 2,573 7,490 $ 12,083

MERRY INTERNATIONAL INCORPORATED Balance Sheet At December 31, 2024 ($ in millions) Current assets Cash and cash equivalents Accounts and notes receivable Inventory Other Total current assets Property and equipment, net Intangible assets, net Investments Notes and other receivables, net Other assets Total long-term assets Total assets Current liabilities Accounts payable Salaries payable Other payables Assets GA $ 1,337 Liabilities and Shareholders' Equity Total current liabilities Long-term debt Other long-term liabilities Total long-term liabilities Total liabilities Shareholders' equity Common stock Additional paid-in capital Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 270 1,288 1,167 814 500 3,668 3,322 +A $ 515 470 $ 644 704 1,225 2,573 7,490 $ 12,083

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Required:

Compute the missing amounts in the balance sheet.

Note: Enter your answers in millions of dollars. Round your intermediate and final answers to the nearest whole dollar.

MERRY INTERNATIONAL INCORPORATED
Balance Sheet
At December 31, 2024
($ in millions)
Current assets
Cash and cash equivalents
Accounts and notes receivable
Inventory
Other
Total current assets
Property and equipment, net
Intangible assets, net
Investments
Notes and other receivables, net
Other assets
Total long-term assets
Total assets
Current liabilities
Accounts payable
Salaries payable
Other payables
Assets
GA
$
1,337
Liabilities and Shareholders' Equity
Total current liabilities
Long-term debt
Other long-term liabilities
Total long-term liabilities
Total liabilities
Shareholders' equity
Common stock
Additional paid-in capital
Retained earnings
Total shareholders' equity
Total liabilities and shareholders' equity
270
1,288
1,167
814
500
3,668
3,322
+A
$
515
470
$
644
704
1,225
2,573
7,490
$
12,083

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