Find the unknowns (in millions), showing computations to support your answers.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:15-1 Balance Sheet Equation
Sacks Fifth operates 197 fashion specialty retail stores in 28 states. The company's actual data (slightly simplified) follow
for its fiscal year ended June 15, 2009 (in millions of dollars):
Assets, beginning of period
Assets, end of period
Liabilities, beginning of period
$5,850
в
Liabilities, end of period
Paid-in capital, beginning of period
Paid-in capital, end of period
Retained earnings, beginning of period
Retained earnings, end of period
6,041
979
495
D
Revenues
8,550
Costs and expenses
E
Net income
613
Dividends
336
Additional investments by stockholders
152
Find the unknowns (in millions), showing computations to support your answers.
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