Balance Sheet Relations

question 73

Essay

Balance sheet relations.Colonial Group, an investment management company, reported the following data for four recent years.Compute the missing balance sheet amounts for each of the four years.(In answering this question, assume that Colonial Group uses U.S.GAAP.)
$\begin{array}{lr}&2015&2014&2013&2012\\\text { Current Assets }&\$10,999320&?&?&6,882.60\\\text { Noncurrent Assets }&?&18,717.40&11,289.10&9,713.90\\\text { Total Assets } &?& 28,224.70 & ?&?\\\text { Current Liabilities } & ? & \$ \mathbf{4}, 351.30 & 1,494.20 & 1,755.20\\\text { Noncurrent Liabilities } & 5,721.70 &?&?& 3,540.70\\\text { Shareholders' Equity }&21,537.30&16,666.90&9,002.00&?\\\text { Total Liabilities and }\\\text { Shareholders' }\\\text { Equity }&30,178.90&28,224.70&18,491.30&16,596.50\end{array}$

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Definitions:

Bottoming Out

Reaching a lowest or worst point, often used in the context of addiction, from which recovery can begin.

Personal Loss

The experience of losing something significant in one's life, which can include loss of a loved one, divorce, job loss, or the loss of personal health, leading to various emotional responses.

Experimenting

The process of conducting trials or tests to discover something unknown or to test a hypothesis, often to gain new insights or solutions.

Completion

The state of having finished an activity or process, marking the end of a task or project.