Question
Which of these companies is more owner-financed? Applying the Accounting Equation and Computing Financing Proportions Use the accounting equation to compute the missing financial amounts.
Which of these companies is more owner-financed?
Applying the Accounting Equation and Computing Financing Proportions Use the accounting equation to compute the missing financial amounts.
| ($ millions) | Assets | = | Liabilities | + | Equity |
|---|---|---|---|---|---|
| Hewlett-Packard | $113,331 | $74,389 | |||
| General Mills | $19,110 | $5,295 | |||
| Target | $33,461 | $13,580 |
Hewlett-Packard
General Mills
Target
Which of these companies is more nonowner-financed?
General Mills
Hewlett-Packard
Target
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
