The following information is available for Advanced Micro Devices (AMD) and Intel for the current year.• AMD’s assets increased by $803 million and its liabilities increased by $267 million.• Intel’s assets increased by $3,771 million and its liabilities decreased by $664 million.a. Complete the following table. Stockholders' AssetsAssetsLiabilitiesLiabilitiesequity$ millionsBeg. of yearEnd of yearBeg. of yearEnd of yearEnd of yearAdvanced Micro DevicesAnswer$3,645$2,365AnswerAnswerIntel$98,599AnswerAnswer$42,720Answer b. Calculate average assets for each company.Round your answers to the nearest million, if applicable.$ millionsAvg. AssetsAdvanced Micro DevicesAnswerIntelAnswer c. Which company has the larger proportion of its assets financed by the company’s owners at year-end?

Complete the following table. $ million Assets Beg. of the year Assets end of the year…

Answered: $3,771 million and its liabilities…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information is available for Advanced Micro Devices (AMD) and Intel for the current year.

• AMD’s assets increased by $803 million and its liabilities increased by $267 million.
• Intel’s assets increased by $3,771 million and its liabilities decreased by $664 million.

a. Complete the following table.

					Stockholders'
	Assets	Assets	Liabilities	Liabilities	equity
$ millions	Beg. of year	End of year	Beg. of year	End of year	End of year
Advanced Micro Devices	Answer	$3,645	$2,365	Answer	Answer
Intel	$98,599	Answer	Answer	$42,720	Answer

b. Calculate average assets for each company.

Round your answers to the nearest million, if applicable.

$ millions	Avg. Assets
Advanced Micro Devices	Answer
Intel	Answer

c. Which company has the larger proportion of its assets financed by the company’s owners at year-end?

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