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Exercise 13-5 Suppose the comparative balance sheets of Windsor, Inc. are presented here. WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016

Exercise 13-5 Suppose the comparative balance sheets of Windsor, Inc. are presented here. WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,520 $8,800 Property, plant, and equipment (net) 1,990 1,810 Other assets 1,590 1,610 Total assets $13,100 $12,220 Liabilities and Stockholders' Equity Current Liabilities $3,220 $3,380 Long-term liabilities 1,260 1,340 Stockholders equity 8,620 7,500 Total liabilities and stockholders' equity $13,100 $12,220

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