Assignment Problem: Gooran Inc, has current assets of $160 million; property, plant, and equipment of $390 million; and other assets totaling $120 million. Current liabilities are $140 million and long-term liabilities total $370 million.
Required:
1) Use these data to write Gooran's accounting equation.
2) How much in resources does Gooran have to work with?
3) How much does Gooran owe creditors?
4) How much of the line company's assets do the Gooran stockholders actually own?
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