The 2016 balance sheet of Whole Foods Market reports operating assets of $5,489 million, operating liabilities of $2,066 million, and total liabilities of $3,117 million.
Whole Food's average net operating assets are:
A) $3,423 million
B) $2,372 million
C) $3,562 million
D) $2,510 million
E) There is not enough information to calculate the amount.

Question

Quizplus · Accepted Answer

Net operating assets are calculated as operating assets minus operating liabilities. However, the question asks for the average net operating assets, for which we need the net operating assets at the beginning and at the end of the period to calculate the average. The information provided only gives us the net operating assets at one point in time, not enough to calculate an average over a period.

The 2016 Balance Sheet of Whole Foods Market Reports Operating