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For the year ending 2016, Cisco Systems reported the following amounts (in millions): Assets: $121,652 Revenue:...

For the year ending 2016, Cisco Systems reported the following amounts (in millions):

Assets: $121,652

Revenue: $49,247

Stockholders' Equity: $63,585

Expenses: $38,508

What is net income or loss?

What are the total liabilities?

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Answer #1

Cisco Systems

What is net income or loss 2016?

Net Income = Revenue - Expenses = $49,247 - $38,508 = $10,739

What are the total liabilities?

Assets = Liabilities + Stockholders' Equity

$121,652 = X + $63,585

X = $121,652 - $63,585 = $58,067

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