Mylan Laboratories, a pharmaceutical company,

Balance Sheet relationships. Selected balance sheet amounts for Mylan Laboratories, a pharmaceutical company, for 4 recent years appear below (amounts in millions):

Year 8  Year 9  Year 10 Year 11

Total Assets $109 ? ? $170
Noncurrent Liabili 8 2 ? 4
Noncurrent Assets ? 45 75 ?
Total Liabilities and Shareholders’ Equity ? 113 ? ?
Current Liabilities 12 ? 7 12
Shareholders’ Equity ? 104 127 ?
Current Assets 74 ? 63 83

Compute the missing balance sheet amounts for each of the 4 years.
Discuss how the company is doing?

Sample Solution