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Applying the Accounting Equation and Computing Financing Proportions Following is fiscal 2018 information for...

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Accounting

Applying the Accounting Equation and Computing Financing Proportions
Following is fiscal 2018 information for three companies that report under IFRS.
Required
a. Apply the accounting equation to compute the missing financial amounts (a),(b), and (c).
In millions Assets = Liabilities + Equity
OMV Group (Austria, Euros)36,96121,619(c) Answer 1
Ericsson (Sweden, SEK)268,761(b) Answer 2
87,770
BAE Systems (UK, pounds)(a) Answer 3
24,7465,618
b. Which of the companies has the highest proportion of financing from owners?
Answer 4
OMV Group
c. Which of the companies has the highest proportion of financing from nonowners?
Answer 5
BAE SystemsApplying the Accounting Equation and Computing Financing Proportions
Following is fiscal 2018 information for three companies that report under IFRS.
Required
a. Apply the accounting equation to compute the missing financial amounts (a),(b), and (c).
b. Which of the companies has the highest proportion of financing from owners?
c. Which of the companies has the highest proportion of financing from nonowners?
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