Using the balance sheet on page 49 please answer these questions http://investors.cvshealth.com/~/media/Files/C/CVS-IR-v3/reports/annual-report-2016.pdf

1) Explain what the accounting equation is and how the balance presents this equation (pick up the appropriate numbers from the balance sheet):

2) The "size" of a corporation is commonly measured by the amount of total assets on the corporation's balance sheet. A corporation is considered "growing" if total assets increase from one year to the next. The rate of growth is measured by the change in total assets divided by the total assets of the previous year:

a. Determine the percentage growth in assets for this company. ____

Computation:

b. Identify the balance sheet accounts most significant in explaining the change in total assets of the corporation? What events might explain the reasons for the changes in these accounts?