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Answered Same Day Sep 05, 2021

Solution

Shakeel answered on Sep 05 2021
164 Votes
Problem for Students
        Hillside, Inc.
    0    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...
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