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15 July, 15:16

n its 2016 annual report, Kohl's Corporation reported the following (in millions) : Total assets $13,574 Total shareholders' equity $ 5,177 Total liabilities $ 8,397 What proportion of Kohl's Corporation is financed by nonowners?

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  1. 15 July, 16:28
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    Proportion of Kohl's Corporation financed by non-owners = approximately 61.9%

    Explanation:

    The formula used for calculating the proportion financed by non-owners is given as:

    Proportion of Kohl's Corporation financed by non-owners = liabilities / total assets

    As total assets in the annual report of Kohl's Corporation = $13,574

    and total liabilities in the annual report of Kohl's Corporation = $ 8,397

    therefore by putting the values in the above formula, we get

    Proportion of Kohl's Corporation financed by non-owners = 8397 / 13574

    Proportion of Kohl's Corporation financed by non-owners = 0.6186

    Converting this result to the percentage, we get

    Proportion = 0.6186 * 100

    Proportion of Kohl's Corporation financed by non-owners = 61.86%

    or approximately 61.9%
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