Owners' equity for Company was $3,069 in 2017 and $3,959 in 2018. Total assets increased from $6,179 in 2017 to $7,295 in 2018 while total liabilities also increased from $3,110 in 2017 to $3,336 in 2018 resulting in higher owners' equity in 2018.
Original Description:
Original Title
Fundamentals of Corporate Finance by Ross 12ed 2019 ch2.ex19
Owners' equity for Company was $3,069 in 2017 and $3,959 in 2018. Total assets increased from $6,179 in 2017 to $7,295 in 2018 while total liabilities also increased from $3,110 in 2017 to $3,336 in 2018 resulting in higher owners' equity in 2018.
Owners' equity for Company was $3,069 in 2017 and $3,959 in 2018. Total assets increased from $6,179 in 2017 to $7,295 in 2018 while total liabilities also increased from $3,110 in 2017 to $3,336 in 2018 resulting in higher owners' equity in 2018.