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