   Chapter 15.I, Problem 9RE ### 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 The Home Depot, Inc. February 2, 2014 Current Assets $15,279 Fixed and Other Assets—net 25,239 Total Assets 10,749 Current Liabilities 17,247 Long-Term and Other Liabilities Total Liabilities Stockholders' Equity To determine To calculate: The total assets, total liabilities and stockholder’s equity for The Home Depot if current assets is$15,279, fixed and other assets-net is $25,239, current liabilities is$10,749 and long term and other liabilities is $17,247. Explanation Given Information: The Home Depot’s current assets is$15,279, fixed and other assets-net is $25,239, current liabilities is$10,749 and long term and other liabilities is $17,247. Formula used: The equation for total asset is computed by adding current assets with fixed and other assets. Total Assets=Current assets+Fixed and other assets The equation for total liabilities is computed by adding current liabilities with long term and other liabilities. Total liabilities=Current liabilities+Long term and other liabilities The equation for stockholder’s equity is computed by subtracting total liabilities from total assets. Stockholder’s equity=Total assetTotal liabilities Calculation: Consider that the Home Depot’s current assets is$15,279, fixed and other assets-net is $25,239, current liabilities is$10,749 and long term and other liabilities is $17,247. Compute total assets by substituting current assets to$15,279 and fixed and other assets-net to \$25,239

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