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  1. business
  2. accounting
  3. gooran, inc., has current assets of $160 million;

Gooran, Inc., has current assets of $160 million; property, plant, and equipment of $380 million;...

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Question

Accounting

Gooran, Inc., has current assets of $160 million; property, plant, and equipment of $380 million; and other assets totaling $100 million. Current liabilities are $120 million and long-term liabilities total $330 million
Requirements
Use these data to write Gooran's accounting equation.
How much in resources does Gooran have to work with?
How much does Gooran owe creditors?
How much of the company's assets do the Gooran stockholders actually own?
(Enter all amounts in millions of dollars.)
Requirement 1. Use the data provided to write Gooran's accounting equation. (Enter all amounts in millions of dollars.)
Requirement 2. How much in resources does Gooran have to work with?
Gooran has $
million in resources to work with.
Requirement 3. How much does Gooran owe creditors?
Gooran owes creditors $
million.
Requirement 4. How much of the company's assets do the Gooran stockholders actually own?
The Gooran stockholders actually own $
million of the company's assets.
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