HombranHombranDoughnuts has current assets of $270million; property, plant, and equipment of $ 480 million; and other assets totaling $140 million. Current liabilities are $140 million and long-term liabilities total $310 million.
Requirements:
1. Use these data to write Hombran Doughnuts' accounting equation.
2. How much in resources does Hombran have to work with?
3. How much does Hombran owe creditors?
4. How much of the company's assets do the Hombrans stockholders actually own?