Accounting Equation The total assets and total liabilities for a recent year of Best Buy (BBY) and Gamestop (GME) are shown below.   Best Buy (in millions) Gamestop (in millions) Assets $22,022 $7,906 Liabilities 14,535 4,325

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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    Accounting Equation

    The total assets and total liabilities for a recent year of Best Buy (BBY) and Gamestop (GME) are shown below.

      Best Buy (in millions) Gamestop (in millions)
    Assets $22,022 $7,906
    Liabilities 14,535 4,325

    This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.

     

     
    Open spreadsheet

     

    Determine the stockholders' equity of each company.

    Best Buy $fill in the blank 2 million
    Gamestop $fill in the blank 3 million

     

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