E12 37 (Learning Objectives 2, 3, 4 Using ratio data to reconstruct a companys Balance Sheet) The following data (dollar amounts in millions) are taken from the financial statements of Floor 1 Industries, Inc Requirement 1 Complete the following condensed Balance Sheet Report amounts to the nearest million dollars Total liabilities Pref share Total current assets Accumulated depreciation Debt ratio $12,600 $ 0 $11,900 $ 1,700 70 Current ratio 1 40

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Question: E12-37. (Learning Objectives 2, 3, 4: Using ratio data to reconstruct a companys Balance Sheet) The following data (dollar amounts in millions) are taken from

E12-37. (Learning Objectives 2, 3, 4: Using ratio data to reconstruct a company’s Balance Sheet) The following data (dollar amounts in millions) are taken from the financial statements of Floor 1 Industries, Inc.:

Total liabilities Pref. share. Total current assets. Accumulated depreciation.. Debt ratio.... $12,600

Requirement 1. Complete the following condensed Balance Sheet. Report amounts to the nearest million dollars.

$ 0 $11,900 $ 1,700 70% Current ratio. 1.40

Total liabilities Pref. share. Total current assets. Accumulated depreciation.. Debt ratio.... $12,600 $ 0 $11,900 $ 1,700 70% Current ratio. 1.40

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