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Accounting Equation The total assets and total liabilities of Pat's Coffee & Tea Inc. and Pam's Corporation are shown below. Pat's Coffee & Tea Inc.
Accounting Equation
The total assets and total liabilities of Pat's Coffee & Tea Inc. and Pam's Corporation are shown below.
Pat's Coffee & Tea Inc. (in millions) | Pam's Corporation (in millions) | |||||||
Assets | $51,249 | $49,712 | ||||||
Liabilities | 22,550 | 23,862 |
Determine the owners' equity of each company.
Pat's Coffee & Tea Inc. owners' equity | $ million |
Pam's Corporation owners' equity | $ million |
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