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Applying the Accounting Equation and Computing Financing Proportions Use the accounting equation to compute the missing financial amounts. ($ millions) Assets = Liabilities + Equity

Applying the Accounting Equation and Computing Financing Proportions Use the accounting equation to compute the missing financial amounts.

($ millions) Assets = Liabilities + Equity
Hewlett-Packard $108,768 $85,935 Answer
General Mills $22,658 Answer $8,096
Target Answer $31,605 $16,558

Which of these companies is more owner-financed?

Hewlett-Packard

General Mills

Target

Which of these companies is more nonowner-financed?

General Mills

Hewlett-Packard

Target

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