Assets

Question

December 31, 2015
December 31, 2016
Current Assets:

Cash and cash equivalents
21352
22489
Short-term investments
9562
8749
Net accounts receivable
8569
2753
Inventory
6432
10022
Prepaid expenses and other current assets
2135
2249
Deferred income taxes
4500
4612
Total current assets:
$52,650
$50,874
Liabilities and Equity

Current Liabilities:

Accounts payable
9314
2580
Accrued company costs
8236
8394
Accrued taxes
2235
2087
Other accrued liabilities
312
346
Deferred revenue
8358.5
9527
Total current liabilities
$28,455.5
$22,934
Long-term debt
4921
9255
Other long-term liabilities
4931
5024
Total liabilities
$9,852
$14,279
Shareholder’s equity

Common stock
.8
.8
Other retained earnings
13767
13108
Other comprehensive income
468
543
Total shareholders’ equity
$14,235.8
$13,652.8
Noncontrolling interests
6.7
9.2
Total Equity
$14,242.5
$13,662h
WHAT IS THE TOTAL LIABILITIES AND EQUITY ?

Answer 1

To find the total liabilities and equity, you simply need to add the total liabilities and the total equity together.

From the provided data:

Total Liabilities (as of December 31, 2016):

• Total Liabilities = $14,279

Total Equity (as of December 31, 2016):

• Total Equity = $13,662

Total Liabilities and Equity:

Total Liabilities and Equity = Total Liabilities + Total Equity
Total Liabilities and Equity = $14,279 + $13,662
Total Liabilities and Equity = $27,941

Therefore, the total liabilities and equity as of December 31, 2016 is $27,941.