Blackwell Services, Inc., has current assets of \(\$ 240\) million; property, plant, and equipment of \(\$ 350\) million; and other assets totaling \(\$ 170\) million. Current liabilities are \(\$ 150\) million, and long-term liabilities total \(\$ 360\) million.

{Requirements}

1. Use these data to write Blackwell Services, Inc.'s accounting equation 2. How much in resources does Blackwell Services have to work with?

3. How much does Blackwell Services owe creditors?

4. How much of the company's assets do the Blackwell Services shareholders actually own?