Question
Applying the Accounting Equation and Assessing Financial Statement Linkages The following information is available for Advanced Micro Devices (AMD) and Intel for the current year.
Applying the Accounting Equation and Assessing Financial Statement Linkages
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 | $3,645 | $2,365 | |||
Intel | $98,599 | $42,720 |
b. Calculate average assets for each company.
Round your answers to the nearest million, if applicable.
$ millions | Avg. Assets |
---|---|
Advanced Micro Devices | |
Intel |
c. Which company has the larger proportion of its assets financed by the company's owners at year-end? Advanced Micro Devices or Intel
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