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The following data (dollar amounts in millions) are adapted from the financial statements of Drawler, Inc. Total Current Assets ........$11,983

Question:

The following data (dollar amounts in millions) are adapted from the financial statements of Drawler, Inc.

Total Current Assets ........$11,983

Accumulated Depreciation ...... 1,429

Total Liabilities ......... 15,200

Preferred Shares....... 8

Debt Ratio ........... 77.79%

Current Ratio ........... 1.4

Requirement

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

The following data (dollar amounts in millions) are adapted from
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Property, Plant, and Equipment ? ー Long-Term Liabilities Shareholders' Equity. Total Liabilities and Shareholders' Equity 2

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Financial Accounting

Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: July 08, 2015 04:01:24
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