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    jmiller144's Avatar
    jmiller144 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 2, 2013, 04:28 PM
    how to find equity if only given assets, net income and liabilities?
    I am given:
    Assets = 135,833
    Liabilities = 79,451
    Net income = 14,436

    How do I solve for equity?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    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's Avatar
    karentasset Posts: 3, Reputation: 1
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    #3

    Sep 3, 2013, 12:12 AM
    Just subtract liabilities from the assets since the Net income is just a part of the total equity.
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