Relation of assets, liabilities, and shareholders' equity
Recall that assets, liabilities, and shareholders' equity are the three main parts of a balance sheet.
Together, their relationship with each other "balances" the balance sheet.
This relationship is helpful to remember when you don't know the value of one of the main parts of a balance sheet! Suppose you have information about a company's assets and shareholders' equity. You can use your knowledge about their relationship to determine the company's liability.
In this exercise, you will practice doing just this!
Acest exercițiu face parte din cursul
Analyzing Financial Statements in Python
Instrucțiuni pentru exercițiu
- Compute the
total_liabilitiesusingcurrent_assets,non_current_assets, andshareholders_equity.
Exercițiu interactiv practic
Încearcă acest exercițiu completând acest cod de exemplu.
current_assets = 1500
non_current_assets = 3000
shareholders_equity = 1200
# Compute total liabilities
total_liabilities = ____