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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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