Hello,

I nee a help with the following question. Compare and Contrast the size of the net assets (same as book value or same as equity) of the two companies?

I provided my answer below the table, but I am not sure if it is correct. Please, explain what does it mean Net Assets same as Book Value or Equity? I just dont understand the question. Thank you!

	Total Assets (millions)	Total Liabilities (millions)	Total Equity (millions)	Financial Statement Name as stated in the 10-K
J.C. Penney Company Inc. Numbers are stated in: Millions	$7,721	$6,551	$1,170	J.C Penney Consolidated Balance Sheets
Kohls Corporation Numbers are stated in: Millions	$12,469	$6,942	$5,527	Kohls Consolidated Balance Sheets

Answer:

J. C. Penneys net assets as follow:

Net Assets= $7,721- $6,551=$1,170

Net Assets amount is the same as shareholders equity amount.

Kohls net assets as follow:

Net Assets=$12,469-$6,942=$5,527

Net Assets amount is the same as shareholders equity amount.