Below is balance sheet information for five companies. 1. ExxonMobil reports total assets of $208 billion and

Question:

Below is information for five companies.
1. ExxonMobil reports total assets of $208 billion and total liabilities of $97 billion.
What is the amount of stockholders' equity?
2. Citigroup reports total liabilities of $1,400 billion and stockholders' equity of $100 billion. What is the amount of total assets?
3. Amazon.com reports total assets of $3.7 billion and total stockholders' equity of $0.2 billion. What is the amount of total liabilities?
4. Nike reports an increase in assets of $1.1 billion and an increase in liabilities of $0.4 billion. What is the amount of the change in stockholders' equity?
5. Kellogg reports a decrease in liabilities of $0.24 billion and an increase in stockholders' equity of $0.03 billion. What is the amount of the change in total assets?
Required:
Calculate the answer to each.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...