Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. ($ millions) Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity 2003 $7,720 Answer $17,600 Answer $4,633 $9,715 $7,885 2004 8,720 11,988 Answer 6,071 4,259 Answer 10,378 2005 Answer 13,398 20,513 5,238 5,175 10,413 Answer
Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. ($ millions) Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity 2003 $7,720 Answer $17,600 Answer $4,633 $9,715 $7,885 2004 8,720 11,988 Answer 6,071 4,259 Answer 10,378 2005 Answer 13,398 20,513 5,238 5,175 10,413 Answer
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Constructing and Analyzing
Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow.
(a) Compute the missing balance sheet amounts for each of the three years shown.
| ($ millions) | Current Assets |
Long-term Assets |
Total Assets |
Current Liabilities |
Long-term Liabilities |
Total Liabilities |
Stockholders' Equity |
|---|---|---|---|---|---|---|---|
| 2003 | $7,720 | Answer | $17,600 | Answer | $4,633 | $9,715 | $7,885 |
| 2004 | 8,720 | 11,988 | Answer | 6,071 | 4,259 | Answer | 10,378 |
| 2005 | Answer | 13,398 | 20,513 | 5,238 | 5,175 | 10,413 |
Answer
|
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