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Applying the Accounting Equation and Assessing Financial Statement Linkages
The following information is available for Advanced Micro Devices (AMD) and Intel for a recent fiscal year.
AMD's assets increased by $2,008 million and its liabilities increased by $668 million.
Intel's assets increased by $9,428 million and its liabilities decreased by $1,660 million.
a. Complete the following table.
\table[[(in $ millions),Assets, beginning,\table[[Assets, end],[of year]],\table[[Liabilities,],[beginning of year]],\table[[Liabilities,],[end of year]],\table[[Stockholders' Equity,],[end of year]]],[AMD,$ 0,$9,112,$5,912,0,$,0],[Intel,$ 246,498,$ 0,$ 0,$106,800,$,0]]
b. Calculate average assets for each company. Round to nearest whole dollar.
\table[[(in $ millions),Average Assets],[AMD,$,0],[Intel,$,0]]
c. Which company has the larger proportion of its assets financed by the company's owners at year-end?
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