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Cadux Candy Company's income statement for the year ended December 31,2021 , reported
interest expense of $4 million and income tax expense of $26 million. Current assets listed in its
balance sheet include cash, accounts receivable, and inventory. Property, plant, and equipment is
the company's only noncurrent asset. Financial ratios for 2021 are listed below. Profitability and
turnover ratios with balance sheet items in the denominator were calculated using year-end
balances rather than averages. Required: Prepare a December 31, 2021, balance sheet for the
Cadux Candy Company. (Enter your answers in millions. Round your intermediate calculations
and final answer to the nearest whole million.)

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  • 1. Cadux Candy Company's income statement for the year ended December 31,2021 , reported interest expense of $4 million and income tax expense of $26 million. Current assets listed in its balance sheet include cash, accounts receivable, and inventory. Property, plant, and equipment is the company's only noncurrent asset. Financial ratios for 2021 are listed below. Profitability and turnover ratios with balance sheet items in the denominator were calculated using year-end balances rather than averages. Required: Prepare a December 31, 2021, balance sheet for the Cadux Candy Company. (Enter your answers in millions. Round your intermediate calculations and final answer to the nearest whole million.)