Gooran, Inc., has current assets of $160 million; property, plant, and equipment of $380 million; and other assets totaling $130 million. Current liabilities are $200 million, and long-term liabilities total $340 million. Read the requirements. (Enter all amounts in millions of dollars.) Requirement 1. Use the data provided to write Gooran's accounting equation. Liabilities 540 $ Assets 670 = $ Requirement 2. How much in resources does Gooran have to work with? 670 million in resources to work with. Gooran has $ Requirement 3. How much does Gooran owe creditors? Gooran owes creditors Stockholders' equity million. 130 C

Gooran, Inc., has current assets of $160 million; property, plant, and equipment of $380 million; and other assets totaling $130 million. Current liabilities are $200 million, and long-term liabilities total $340 million. Read the requirements. (Enter all amounts in millions of dollars.) Requirement 1. Use the data provided to write Gooran's accounting equation. Liabilities 540 $ Assets 670 = $ Requirement 2. How much in resources does Gooran have to work with? 670 million in resources to work with. Gooran has $ Requirement 3. How much does Gooran owe creditors? Gooran owes creditors Stockholders' equity million. 130 C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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