Response to the following questions:
1. The total assets and total liabilities of Toys"R"Us Inc. and Estée Lauder Inc. are shown below.
Toys"R"Us Estee Lauder Inc.
(in millions) (in millions)
Assets $10,218 $3,708
Liabilities 5,996 1,974
Determine the stockholders' equity of each company.
2. 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