Question

Below are approximate amounts related to balance sheet information reported by five companies in previous years?
1. ExxonMobil reports total assets of $228 billion and total liabilities of $107 billion. What is the amount of stockholders’ equity?
2. Citigroup reports total liabilities of $1,500 billion and stockholders’ equity of $110 billion. What is the amount of total assets?
3. Amazon.com reports total assets of $4.7 billion and total stockholders’ equity of $0.3 billion. What is the amount of total liabilities?
4. Nike reports an increase in assets of $1.2 billion and an increase in liabilities of $0.3 billion. What is the amount of the change in stockholders’ equity?
5. Kellogg reports a decrease in liabilities of $0.34 billion and an increase in stockholders’ equity of $0.02 billion. What is the amount of the change in total assets?

Required:
Calculate the answer to each.



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  • CreatedJuly 15, 2014
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