Question -
(a) The liabilities of Roman Company are $90,890. Owner's capital account is $155,800; drawings are $86,700; revenues, $435,190; and expenses, $316,020. What is the amount of Roman Company's total assets?
(b) The total assets of Dylan Company are $66,780. Owner's capital account is $28,260; drawings are $6,690; revenues, $46,140; and expenses, $43,750. What is the amount of the company's total liabilities?
(c) The total assets of Capp Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Capp Co.'s owner's equity?