Financial Statement Essay

Question description

The following information is provided in the 2011 annual report to shareholders ofparis-perfume.com:Required: Compute the missing amount in the paris-perfume.com financial statementinformation, indicated by ??? in the table above.December 31, 2011             December 31, 2010Accounts receivable                          ???                     $100 millionInventory                                        $70 million               $30 millionOther assets                                      ???                    $170 millionTotal assets                                       ???                     $300 millionTotal liabilities                                    ???                     $100 millionTotal stockholders’ equity                 ???                      $200 millionFor the year ended Dec. 31, 2011Net sales                                              ???Cost of goods sold                                ???Net income                                        $40 millionReturn on assets                               10%Receivables turnover                           8.0Inventory turnover                              12.0Asset turnover                                     2.5Return on stockholders’ equity            20%Profit margin on sales                          4%