Question

1. ExxonMobil reports total assets of $198 billion and total liabilities of $92 billion.

2. Citigroup reports total liabilities of $1,350 billion and stockholders' equity of $95 billion.

3. Amazon.com reports total assets of $3.2 billion and total stockholders' equity of $0.15 billion.

4. Nike reports an increase in assets of $1.05 billion and an increase in liabilities of $0.4 billion.

5. Kellogg's reports a decrease in liabilities of $0.39 billion and an increase in stockholders' equity of $0.03 billion.

(Enter your answers in billions rounded to 2 decimal places. Negative amounts should be indicated by a minus sign.)

Required:

1. What is the amount of stockholders' equity of ExxonMobil?
2. What is the amount of total assets of Citigroup?
3. What is the amount of total liabilities of Amazon.com?
4. What is the amount of the change in stockholders' equity of Nike?
5. What is the amount of the change in total assets of Kellogg's?

Answer 1

We know accounting equation, Assets = Liabilities + Shareholders equity All of the below can be sold using accounting equation 1) Amount of stockholders' equity of ExxonMobil = Assets - Liabilities Amount of stockholders' equity = (198 - 92) Billion Amount of stockholders' equity = 106 Billion 2) Using same accounting equation, assets of Citigroup Assets = 1350-95 Total Assets = $ 1,445 Billion 3) Total liabilities of Amazon.com = Assets - shareholders equity Total liabilities = (3.20 - 0.15) Billion Total liabilities = 3.05 Billion 4) Change in stockholders' equity of Nike is = (Increase in assets - Increase in liabilities) Change in stockholders' equity = (1.05-0.40) billion Change in stockholders' equity = 0.65 billion 5) Amount of the change in total assets = (Decrease in liabilities - Increase in stockholders equity) Amount of the change in total assets = (-0.39+0.03) billion Amount of the change in total assets = - $ 0.36 billion