Question

Selected balance sheet amounts for Nordstrom Inc. for four recent years follow.

($ millions)	Current Assets	Long-term Assets	Total Assets	Current Liabilities	Long-term Liabilities	Total Liabilities	Equity
2013	5,228	3,346		2,541	3,953		2,080
2014	5,224	4,021			4,005	6,805
2015	3,014		7,698	2,911		6,827	871
2016	3,242	4,616		3,029	3,959		870

Compute the missing balance sheet amounts for each of the four years.

Answer 1

($ millions)	Current Assets	Long-term Assets	Total Assets	Current Liabilities	Long-term Liabilities	Total Liabilities	Equity
2,013	$    5,228.00	$ 3,346.00	$ 8,574.00	$ 2,541.00	$   3,953.00	$   6,494.00	$      2,080.00
2,014	$    5,224.00	$ 4,021.00	$ 9,245.00	$ 2,800.00	$   4,005.00	$   6,805.00	$      2,440.00
2,015	$    3,014.00	$ 4,684.00	$ 7,698.00	$ 2,911.00	$   3,916.00	$   6,827.00	$         871.00
2,016	$    3,242.00	$ 4,616.00	$ 7,858.00	$ 3,029.00	$   3,959.00	$   6,988.00	$         870.00

($ millions)	Current Assets	Long-term Assets	Total Assets	Current Liabilities	Long-term Liabilities	Total Liabilities	Equity
2013	5228	3346	=5228+3346	2541	3953	=2541+3953	2080
2014	5224	4021	=4021+5224	=6805-4005	4005	6805	=9245-6805
2015	3014	=7698-3014	7698	2911	=6827-2911	6827	871
2016	3242	4616	=3242+4616	3029	3959	=3029+3959	870