15 Cadux Candy Company's Income statement for the...
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Accounting
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Cadux Candy Company's Income statement for the year ended December 31, 2018, reported Interest expense of $21 milion and Income tax expense of $11 million. Current assets listed In Its balance sheet Include cash, accounts recelvable, and Inventorles. Property, plant, and equipment is the company's only noncurrent asset. Financlal ratlos for 2018 are listed below. Profitability and turnover ratios with balance sheet Items In the denominator were calculated using year-end balances rather than averages Debt to equity ratio Current ratio Acid-test ratic Times interest earned ratio Return on assets Return on shareholders' equity Profit margin on sales Gross profit margin 1.8 2.e 1.0 7 times 25% se 5% (gross profit divided by net sales) Inventory turnoven Receivables turnnover 36 13 times ze times Required: Prepare a December 31. 2018, balance sheet for the Cadux Candy Company. (Enter your answers in millons. Round your Intermedlate calculetions and final answer to the nearest whole mlllon.)
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