Grey Wolf Financial Statement Analysis
What is the value of the shareholder equity account for Grey Wolf?
Based on the financial data provided, what is the calculation to determine the shareholder equity for Grey Wolf?
Calculation of Shareholder Equity for Grey Wolf
The value of shareholder's equity for Grey Wolf can be calculated by subtracting the total liabilities from the total assets.
Grey Wolf financial statement analysis reveals that the total assets amount to $11,920, while the total liabilities sum up to $6,230. By using the formula:
Shareholder Equity = Total Assets - Total Liabilities
We can determine the shareholder equity for Grey Wolf as follows:
Shareholder Equity = $11,920 - $6,230
Shareholder Equity = $5,690