What is the amount of its equity

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Question: 1. a. Total assets of Caldwell Company equal $40,000 and its equity is $10,000. What is the amount of its liabilities?

b. Total assets of Water world equal $55,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity?

2. In a recent year's financial statements, Home Depot reported the following results. Compute and interpret Home Depot's return on assets (assume competitors average a 5% return on assets).

Sales . . . . . . . . . . . . . . . . . . . . . . $71,288

million Net income . . . . . . . . . . . . . . . . 2,260

million Average total assets . . . . . . . . . . 42,744 million

Reference no: EM131527890

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