Question: Below are approximate amounts related to balance sheet information reported

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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