Accounting Hw
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Friday, December 14, 2018
The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation follow:
The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation follow:
Dollar Tree Target Corporation
Assets $3,567 $41,404
Liabilities 1,782 27,407
Determine the owners’ equity of each company.
Answers:
Dollar Tree’s owners’ equity: $3,567 – $1,782 = $1,785
Target’s owners’ equity: $41,404 – $27,407 = $13,997
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