I need help with my hw

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Answered Same DaySep 05, 2021

Answer To: I need help with my hw

Shakeel answered on Sep 05 2021
161 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 Current Liabilities    1,118.80
        Other Current Assets    116.60        Total Current Liabilities    2,955.20        Operating Expenses:
         Total Current 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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