Solution
Payal answered on
Aug 05 2021
Problem for Students
Hillside, Inc.
BALANCE SHEET INCOME STATEMENT
($ in millions) ($ in millions)
ASSETS LIABILITIES Revenue 28,681.10
Cash & Marketable Securities 449.90 Accounts Payable 1,611.20 Cost Of Goods Sold 20,768.80
Accounts Receivable 954.80 Salaries Payable 225.20 Gross Profit 7,912.30
Inventories 3,645.20 Other Cu
ent Liabilities 1,118.80
Other Cu
ent Assets 116.60 Total Cu
ent Liabilities 2,955.20 Operating Expenses:
Total Cu
ent Assets 5,166.50 Selling, General & Admin. 5,980.80
Other Liabilities 693.40 Depreciation 307.30
Machinery & Equipment 1,688.90 Operating income 1,624.20
Land 1,129.70 Total Liabilities 3,648.60
Buildings 2,348.40 Interest - 0
Depreciation (575.60) SHAREHOLDER'S EQUITY Other Expense (Income) (13.10)
Property, Plant & Equip. - Net 4,591.40 Common Stock 828.50 Income Before Taxes 1,637.30
Other Long Term Assets 120.90 Retained Earnings 5,401.70 Income Taxes 618.10
Total Long-Term Assets 4,712.30 Total Shareholder's Equity 6,230.20 Net Income 1,019.20
Total Assets 9,878.80 Total Liabilities & Equity 9,878.80
Number of Common Stock
Shares Outstanding 1,032,271
Input Answers Below Financial Performance...