Cadux Candy Company's income statement for the year ended December 31, 2024, reported interest expense of $3 million and income tax expense of $20 million. Current assets listed in its balance sheet include cash, accounts receivable, and inventory. Property, plant, and equipment is the company's only noncurrent asset. Financial ratios for 2024 are listed below. Profitability and turnover ratios with balance sheet items in the denominator were calculated using year-end balances rather than averages. Debt to equity ratio Current ratio Acid-test ratio Times interest earned ratio Return on assets Return on equity 0.8 2.0 1.0 16 times 20% 36% Profit margin on sales 10% Gross profit margin (gross profit divided by net sales) 20% Inventory turnover 8 times Receivables turnover 21 times Required: Prepare a December 31, 2024, balance sheet for the Cadux Candy Company. Note: Enter your answers in millions. Round your intermediate calculations and final answer to the nearest whole million. CADUX CANDY COMPANY Balance Sheet At December 31, 2024 ($ in millions) Assets Current assets: Cash Accounts receivable (net) Inventory Total current assets Property, plant, and equipment (net) Total assets Liabilities and Shareholders' Equity Current liabilities Long-term liabilities 0 $ 0

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