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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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Merry International Incorporated for the 2024 fiscal year. The following additional information from an analysis of Merry's financial position is available:

Current ratio = 1.352284; Acid-test ratio = 0.5769942; Debt to equity ratio = 0.6132180.

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
Transcribed Image Text: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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