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The following information is provided in the 2021 annual report to shareholders of paris-perfume.com: Required: Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediate calculations.) Accounts receivable Inventory Other assets Total assets Total liabilities December 31, 2021 million 72 million $ December 31, 2020 75 million 32 million 172 million 279 million 75 million S S million S million million 32 $ $

The following information is provided in the 2021 annual report to shareholders of paris-perfume.com: Required: Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediate calculations.) Accounts receivable Inventory Other assets Total assets Total liabilities December 31, 2021 million 72 million $ December 31, 2020 75 million 32 million 172 million 279 million 75 million S S million S million million 32 $ $

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 information is provided in the 2021 annual report to shareholders of paris-perfume.com: Required: Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediate calculations.) Accounts receivable Inventory Other assets Total assets Total liabilities Total stockholders' equity Net sales Cost of goods sold Net income Return on assets Receivables turnover Inventory turnover Asset turnover Return on equity Profit margin on sales December 31, 2021 million $ S 72 million million S million S S$ million million $ For the year ended Dec. 31, 2021 million million 42 million 10 % $ $ 8.0 12.0 2.7 20 % 5 % December 31, 2020 75 million 32 million 172 million 279 million 75 million 204 million
Transcribed Image Text:The following information is provided in the 2021 annual report to shareholders of paris-perfume.com: Required: Compute the missing amount in the paris-perfume.com financial statement Information. (Do not round your Intermediate calculations.) Accounts receivable Inventory Other assets Total assets Total liabilities Total stockholders' equity Net sales Cost of goods sold Net income Return on assets Receivables turnover Inventory turnover Asset turnover Return on equity Profit margin on sales December 31, 2021 million $ S 72 million million S million S S$ million million $ For the year ended Dec. 31, 2021 million million 42 million 10 % $ $ 8.0 12.0 2.7 20 % 5 % December 31, 2020 75 million 32 million 172 million 279 million 75 million 204 million
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