Question
May Department Stores is a company headquartered in St. Louis. Its balance sheet, as of December 31, 2008 contains (in disorder) the following items (
May Department Stores is a company headquartered in St. Louis. Its balance sheet, as of December 31, 2008 contains (in disorder) the following items ( in millions):
Long-term debt 4,035
Cash (a)
Total shareholders equity (b)
Total liabilities (c)
Contributed capital 144
Inventories 2,857
Accounts payable 1,099
Property, plant and equipment 5,466
Additional shareholders equity 3,891
Other assets 3,592
Other liabilities 2,767
Total assets 11,936
Should you prepare a condensed balance sheet, what would be the amount of Total shareholders' equity?
6470 7901 2857 4035 3592 1099 2767 5466
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