Question: Hello, I nee a help with the following question. Compare and Contrast the size of the net assets (same as book value or same as
Hello,
I nee a help with the following question. Compare and Contrast the size of the net assets (same as book value or same as equity) of the two companies?
I provided my answer below the table, but I am not sure if it is correct. Please, explain what does it mean Net Assets same as Book Value or Equity? I just dont understand the question. Thank you!
|
| Total Assets (millions) | Total Liabilities (millions) | Total Equity (millions) | Financial Statement Name as stated in the 10-K |
| J.C. Penney Company Inc. Numbers are stated in: Millions
| $7,721 | $6,551 | $1,170 | J.C Penney Consolidated Balance Sheets |
| Kohls Corporation Numbers are stated in: Millions
| $12,469 | $6,942 | $5,527 | Kohls Consolidated Balance Sheets |
Answer:
J. C. Penneys net assets as follow:
Net Assets= $7,721- $6,551=$1,170
Net Assets amount is the same as shareholders equity amount.
Kohls net assets as follow:
Net Assets=$12,469-$6,942=$5,527
Net Assets amount is the same as shareholders equity amount.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
Study Help