Friday, 17 June 2016

The total assets and total liabilities of Dollar Tree Inc. and Target Corporation are shown below.

The total assets and total liabilities of Dollar Tree Inc. and Target Corporation are shown below.

             Dollar Tree (in millions)    Target Corporation (in millions)
Assets                $2,381                                   $43,705
Liabilities              922                                      28,218

Determine the owners’ equity of each company.

Answer:
Dollar Tree’s owners’ equity:  $2,381 – $922 = $1,459
Target’s owners’ equity:  $43,705 – $28,218 = $15,487

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