Current ratio = 2.6 timesProfit margin = 10%Sales = $1,270mROE = 10%Long-term debt to Long-term debt and equity = 60% Use the above information to complete the balance sheet below. (Enter your answers in millions.) Current assets ? million Current liabilities $280 million Fixed assets ? million Long-term debt ? million Stockholders’ equity ? million Total assets ? million Total liabilities and equity ? million

Current ratio = 2.6 timesProfit margin = 10%Sales = $1,270mROE = 10%Long-term debt to Long-term debt and equity = 60% Use the above information to complete the balance sheet below. (Enter your answers in millions.) Current assets ? million Current liabilities $280 million Fixed assets ? million Long-term debt ? million Stockholders’ equity ? million Total assets ? million Total liabilities and equity ? million

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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