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. ($ millions) Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity 2003 $7,720 Answer $17,600 Answer $4,633 $9,715 $7,885 2004 8,720 11,988 Answer 6,071 4,259 Answer 10,378 2005 Answer 13,398 20,513 5,238 5,175 10,413 Answer
Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. ($ millions) Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity 2003 $7,720 Answer $17,600 Answer $4,633 $9,715 $7,885 2004 8,720 11,988 Answer 6,071 4,259 Answer 10,378 2005 Answer 13,398 20,513 5,238 5,175 10,413 Answer
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter4: Balance Sheet: Presenting And Analyzing Resources And Financing
Section: Chapter Questions
Problem 17E
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Constructing and Analyzing Balance Sheet Amounts from Incomplete Data
Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow.
(a) Compute the missing balance sheet amounts for each of the three years shown.
| ($ millions) | Current Assets |
Long-term Assets |
Total Assets |
Current Liabilities |
Long-term Liabilities |
Total Liabilities |
Stockholders' Equity |
|---|---|---|---|---|---|---|---|
| 2003 | $7,720 | Answer | $17,600 | Answer | $4,633 | $9,715 | $7,885 |
| 2004 | 8,720 | 11,988 | Answer | 6,071 | 4,259 | Answer | 10,378 |
| 2005 | Answer | 13,398 | 20,513 | 5,238 | 5,175 | 10,413 |
Answer
|
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