TevaPharm Inc. has manufacturing facilities in two provincess. Sales last year were $100 million, and...

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Accounting

TevaPharm Inc. has manufacturing facilities in two provincess. Sales last year were $100 million, and the balance sheet at year-end is similar in percent of sales to that of previous years (and this will continue in the future). All assets and current liabilities will vary directly with sales. Assume the firm is already using capital assets at full capacity.
\table[[Assets,,\table[[Balance Sheet],[(in $ millions)],[Liabilities]],and Shareholders' Equity,],[Cash,$4,Accounts payable,,$12
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