Showing posts with label Dollar Tree Inc. Show all posts
Showing posts with label Dollar Tree Inc. Show all posts

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