The total assets and total liabilities of Peet’s Coffee & Tea Inc. and Starbucks Corporation are shown below.

The total assets and total liabilities of Peet’s Coffee & Tea Inc. and Starbucks Corporation are shown below.

          Peet’s Coffee & Tea (in millions)     Starbucks (in millions)
Assets                  $209                                         $6,386
Liabilities               36                                            2,711

Determine the owners’ equity of each company.

Answer:
Peet’s Coffee & Tea’s owners’ equity:  $209 – $36 = $173
Starbucks' owners’ equity:  $6,386 – $2,711 = $3,675