All-Stores, Inc., is a holding company that has voting control over both General Stores and Star Stores.
All-Stores owns General Stores and Star Stores common stock valued at $15,000 and $12,000, respectively. General's balance sheet lists $130,000 of total assets; Star has total assets of ?$110,000.
All-Stores has total common stock equity of $20,000.
a. What percentage of the total assets controlled by All-Stores does its common stock equity? represent?
b. If a stockholder holds $5,000 worth of All-Stores common stock equity, and this amount gives this stockholder voting control, what percentage of the total assets controlled does this? stockholder's equity investment? represent?