Dear Prof．Stiner

Thank you for your reply!

Homework

1.  What is a balance sheet? 

Documents which indicated all property, and all the debts and capital by contrast in order to clarify financial condition 

of a company in a point by business accounting temporarily.

     A balance sheet indicates all the property (assets), debts and capital in order to state the financial condition 

of a company at one point in time.

2.  What is stockholders' equity in the U.S.?

     Stockholders' (Owners') Equity is the difference between assets and liabilities. Stockholders' Equity is the owners' share of the assets.

     Correct!

3.  Name one current asset of Oracle in 2003.

      It　is cash.

     Correct!

4.  What is the value of that current asset?  Please write the entire value in US dollars.  Write the entire value in words.

      It's the 9,228 dollars.

     Total current assets are nine billion two hundred twenty-seven million US dollars ($9,227,000,000). 

  The value of cash in 2003 is four billion seven hundred thirty-seven million US dollars ($4,737,000,000).

５．Name one current liability of Nike in 2003.

    Accounts payable.

       Correct!

６．What is the value of that current liability?  Please write the entire value in US　dollars.  Write the entire value in words.

    It's 2,015.2 millons dollars.

        Total current liabilities are two billion fifteen million two hundred thousand US dollars ($2,015,200,000). 

        Accounts payable in 2003 is five hundred seventy-two million seven hundred thousand US dollars ($572,700,000).

7. Please send me the Japanese translation for the words in the list below.  Please write the words in romajii.

    Thanks for the vocabulary words.

You should have the new lesson already.  It is the second lesson on the balance sheet.  

It is at: http://www72.homepage.villanova.edu/susan.stiner/cgu/balance204.htm

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