The total assets and total liabilities (in millions) of Pat's Coffee & Tea Inc. and Pam's Corporation follow: Pat's Coffee & Tea Inc. Pam's Corporation Assets $47,006 $45,596 Liabilities 20,683 21,886 Determine the stockholders' equity of each company. Enter your answers in millions. Pat's Coffee & Tea Inc. stockholders' equity million Pam's Corporation stockholders' equity million

The total assets and total liabilities (in millions) of Pat's Coffee & Tea Inc. and Pam's Corporation follow: Pat's Coffee & Tea Inc. Pam's Corporation Assets $47,006 $45,596 Liabilities 20,683 21,886 Determine the stockholders' equity of each company. Enter your answers in millions. Pat's Coffee & Tea Inc. stockholders' equity million Pam's Corporation stockholders' equity million

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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Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) Current assets Long-term assets $ 42,529 46,842 Current liabilities Long-term debt Other liabilities Equity $ 29,750 27,757 14,327 17,537 $ 89,371 Total $ 89,371 Total Locust has 662 million shares outstanding with a market price of $88 a share. a. Calculate the company's market value added. b. Calculate the market-to-book ratio. c. How much value has the company created for its shareholders as a percent of shareholders' equity, that is, as a percent of the net capital contributed by shareholders? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the company's market value added. Note: Enter your answers in millions. Market value Market value added million million
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