How to find equity if only given assets, net income and liabilities? [Archive]

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jmiller144

Sep 2, 2013, 04:28 PM

I am given:
Assets = 135,833
Liabilities = 79,451
Net income = 14,436

How do I solve for equity?

pready

Sep 2, 2013, 10:57 PM

It looks like you are missing previous years numbers as I have seen this question on this site too many times.

Based just on the information given just subtract liabilities from assets to get equilty.

karentasset

Sep 3, 2013, 12:12 AM

Just subtract liabilities from the assets since the Net income is just a part of the total equity.