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Exercise

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!

Instructions

100 XP
  • Compute the total_liabilities using current_assets, non_current_assets, and shareholders_equity.