Financial Accounting: An Integrated Statements Approach, 2nd Edition

11. The Gap 14. Procter & Gamble


12. Hilton Hotels 15. Sears Roebuck


13. H&R Block Inc.

Identify the primary business emphasis of each of the following companies as (a) a low-cost em-

phasis or (b) a premium-price emphasis. If you are unfamiliar with the company, you may use

the Internet to locate the company’s home page or use the finance Web site of Yahoo.com.

1. BMW 7. Home Depot


2. Charles Schwab 8. Maytag


3. Circuit City Stores 9. Nike


4. Coca-Cola 10. Office Depot


5. Dollar General 11. Sara Lee


6. Goldman Sachs Group 12. Southwest Airlines

The total assets and total liabilities of Coca-ColaandPepsiCoare shown below.

Coca-Cola PepsiCo

(in millions) (in millions)

Assets $31,327 $27,987

Liabilities 15,392 14,464

Determine the stockholders’ equity of each company.

The total assets and total liabilities of Toys“R”Us Inc.andEstée Lauder Inc.are shown

below.

Toys“R”Us Estée Lauder Inc.

(in millions) (in millions)

Assets $10,218 $3,708

Liabilities 5,996 1,974

Determine the stockholders’ equity of each company.

Determine the missing amount for each of the following:

Assets  Liabilities  Stockholders’ Equity

a. X  $25,000  $71,500

b. $82,750  X  $15,000

c. $37,000  $17,500  X

Determine the missing amounts (in millions) for the balance sheets (summarized below) for

The Limited Inc.,FedEx Corporation, and Ford Motor Co.

FedEx Ford

The Limited Corporation Motor Co.

Assets $7,873 $ (b) $292,654

Liabilities (a) 6,727 276,609

Stockholders’ equity 5,266 5,478 (c)

32 Chapter 1 The Role of Accounting in Business

Exercise 1-2

Business emphasis

Goal 1

Exercise 1-3

Accounting equation

Goal 4

Coca-Cola, $15,935

Exercise 1-4

Accounting equation

Goal 4

Toys“R”Us, $4,222

Exercise 1-5

Accounting equation

Goal 4

a. $96,500

Exercise 1-6

Accounting equation

Goal 4

a. $2,607