Question: 5. Balance Sheet relations. Selected balance sheet amounts for a computer hardware and software company for 4 recent years appear below (amounts in millions). Use

 5. Balance Sheet relations. Selected balance sheet amounts for a computer

5. Balance Sheet relations. Selected balance sheet amounts for a computer hardware and software company for 4 recent years appear below (amounts in millions). Use the relations that exist between balance sheets for consecutive years to compute the missing values. ? ? Year 5 Year 6 Year 7 Year 8 ? Current Assets. ? $2,626 $3,314 Noncurrent Assets $2,628 ? 2,679 Total Assets.... ? 5,185 ? ? Current Liabilities 1,568 2,001 $2,199 Noncurrent Liabilities. 1,486 ? 1,677 1,751 Contributed Capital ? 1,031 ? 1,127 Retained Earnings 768 916 ? ?b Total Liabilities and Shareholders Equity 5,009 ? ? ? Current Assets/Current Liabilities .... ? 1.58 ? 1.83 a. Net income for year 7 was $472 and dividends were $81. b. Net income for year 8 was $691 and dividends were $86

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