Question

The following data (dollar amounts in millions) are adapted from the financial statements of Sunset, Inc.:
Total Current Assets.........................................................................$15,000
Accumulated Depreciation ............................................................... 1,000
Total Liabilities.................................................................................. 20,000
Debt Ratio......................................................................................... 40%
Current Ratio..................................................................................... 1.25

Requirement
1. Complete the following condensed balance sheet. Report amounts rounded to
the nearest $1 million:


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  • CreatedApril 29, 2014
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