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

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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