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Determine the missing amount from each of the separate situations (a), (b), and (c) below.
($ millions) | Assets | = | Liabilities | + | Equity |
a. Motorola Solutions, Inc. | $8,208 | | Answer | | $(1,742) |
b. Kraft Foods Group, Inc. | Answer | | 53,958 | | 66,034 |
c. Merck & Co., Inc. | 87,872 | | 53,303 | | Answer |
Which of these companies is more owner-financed? Which of these companies is more creditor-financed?
Company most owner-financed: AnswerMotorola, Inc.Kraft FoodsMerck & Co.
Company most creditor-financed: AnswerMotorola, Inc.Kraft FoodsMerck & Co.
Answer & Explanation
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