Objectives : Apply the accounting equation; evaluate business operations.
Compute the missing amount in the accounting equation for each company (amounts in billions):
|
|
Assets
|
Liabilities
|
Stockholders' Equity
|
|
Clayton Homes
|
$ ?
|
$17
|
$21
|
|
Howard Automotive
|
70
|
?
|
46
|
|
Bella Boutique
|
51
|
15
|
?
|
Which company appears to have the strongest financial position? Explain your reasoning.