The following information is provided in the 2013 annual reportto shareholders of OldSpice:Required: Compute the missing amount in the Old Spice financialstatement information,indicated by ??? in the table above.December 31, 2013 December 31, 2012Accounts 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, 2013Net 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%
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