E1-34.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 $1,004 million and its liabilities increased by $334 million.

Intel's assets increased by $4,714 million and its liabilities decreased by $830 million.

a. Complete the following table:

$ millions Advanced Micro Devices Intel

Assets, beginning of year --- ---

Assets, end of year $4,556 $123,249

Liabilities, beginning of year $2956 ---

Liabilities, end of year --- $53,400

Stockholders' Equity, end of year --- ---

b. Calculate average assets for each company:

$ millions Average Assets

Advanced Micro Devices ---

Intel ---

c. Which company has the larger proportion of its assets financed by the company's owners at year-end?