Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. ($ millions) Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity 2003 $7,720 Answer $17,600 Answer $4,633 $9,715 $7,885 2004 8,720 11,988 Answer 6,071 4,259 Answer 10,378 2005 Answer 13,398 20,513 5,238 5,175 10,413 Answer

Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. ($ millions) Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity 2003 $7,720 Answer $17,600 Answer $4,633 $9,715 $7,885 2004 8,720 11,988 Answer 6,071 4,259 Answer 10,378 2005 Answer 13,398 20,513 5,238 5,175 10,413 Answer

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter7: Introduction To Financial Statement Analysis

Section: Chapter Questions

Problem 22E

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Question

Constructing and Analyzing Balance Sheet Amounts from Incomplete Data

Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow.

(a) Compute the missing balance sheet amounts for each of the three years shown.

($ millions)	Current Assets	Long-term Assets	Total Assets	Current Liabilities	Long-term Liabilities	Total Liabilities	Stockholders' Equity
2003	$7,720	Answer	$17,600	Answer	$4,633	$9,715	$7,885
2004	8,720	11,988	Answer	6,071	4,259	Answer	10,378
2005	Answer	13,398	20,513	5,238	5,175	10,413	Answer

($ millions)

Current
Assets

Long-term
Assets

Total
Assets

Current
Liabilities

Long-term
Liabilities

Total
Liabilities

Stockholders'
Equity

2003

$7,720

Answer

$17,600

Answer

$4,633

$9,715

$7,885

2004

8,720

11,988

Answer

6,071

4,259

Answer

10,378

2005

Answer

13,398

20,513

5,238

5,175

10,413

Answer

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