Question: Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five
Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. Current Long-term Total Current Long-term Total Stockholders ($ millions) Assets Assets Assets Liabilities Liabilities Liabilities Equity 2003 $7,720 $ OX $17.600 S O X $4,633 5 9,715 $7,885 2004 8,720 11,988 0x 6,071 4,259 0 x10,378 2005 0x 13,398 20,513 5,238 5,175 10,413 0x
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