   Chapter 15.I, Problem 10RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Calculate the missing balance sheet items for Exercise 9, The Home Depot; Exercise 10, Amazon.com; and Exercise 11, Gap. Complete each company's column; then move on to the next column.THE BALANCE SHEET (in millions) Company Date Amazon.com, Inc. December 31, 2013 Current Assets $24,625 Fixed and Other Assets—net 40,159 Total Assets 22,980 Current Liabilities 30,413 Long-Term and Other Liabilities Total Liabilities Stockholders' Equity To determine To calculate: The fixed and other assets, long term and other liabilities and stockholder’s equity for Amazon.com if current assets is$24,625, total assets is $40,159, current liabilities is$22,980 and total liabilities is $30,413. Explanation Given Information: The Amazon.com’s current assets is$24,625, total assets is $40,159, current liabilities is$22,980 and total liabilities is $30,413. Formula used: The equation for fixed and other assets is computed by subtracting current assets from total asset. Fixed and other assets=Total AssetCurrent assets The equation for long term and other liabilities is computed by subtracting current liabilities from total liabilities. Long term and other liabilities=Total liabilitiesCurrent liabilities The equation for stockholder’s equity is computed by subtracting total liabilities from total assets. Stockholder’s equity=Total assetTotal liabilities Calculation: Consider Amazon.com’s current assets is$24,625, total assets is $40,159, current liabilities is$22,980 and total liabilities is $30,413. Compute fixed and other assets by substituting current assets to$24,625 and total assets to \$40,159

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