Friday, December 14, 2018

The total assets and total liabilities (in millions) of Keurig Green Mountain, Inc. and Starbucks Corporation follow:

The total assets and total liabilities (in millions) of Keurig Green Mountain, Inc. and Starbucks Corporation follow:

                Keurig Green
                  Mountain        Starbucks
Assets             $4,002          $12,446
Liabilities         1,288            6,628

Determine the owners’ equity of each company.

Answers:
Keurig Green Mountain’s owners’ equity:  $4,002 – $1,288 = $2,714
Starbucks’ owners’ equity:  $12,446 – $6,628 = $5,818

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