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Applying the Accounting Equation and Assessing Financial Statement Linkages
The following information is available for Advanced Micro Devices AMD and Intel for a recent fiscal year.
AMD's assets increased by $ million and its liabilities increased by $ million.
Intel's assets increased by $ million and its liabilities decreased by $ million.
a Complete the following table.
tablein $ millionsAssets, beginning,tableAssets endof yeartableLiabilitiesbeginning of yeartableLiabilitiesend of yeartableStockholders Equity,end of yearAMD$ $$$Intel$ $ $ $$
b Calculate average assets for each company. Round to nearest whole dollar.
tablein $ millionsAverage AssetsAMD$Intel$
c Which company has the larger proportion of its assets financed by the company's owners at yearend?
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