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Assume Goldstream Foods Inc. has current assets of $630.8 million, capital assets of $1,1756 million, and other assets totalling $1,281.4 million Current liabilities are $589.2
Assume Goldstream Foods Inc. has current assets of $630.8 million, capital assets of $1,1756 million, and other assets totalling $1,281.4 million Current liabilities are $589.2 million and long-term liabilities total $1,2426 million Required 1. Use these data to write Goldstream Foods' accounting equation 2. How much in resources does Goldstream Foods have to work with? 3. How much does Goldstream Foods owe creditors? 4. How much of the company's assets do the Goldstream Foods shareholders actually own? Requirement 1. Use these data to write Goldstream Foods' accounting equation Now enter the amounts under the appropriate headings (Enter amounts in millions as provided in the problem statement. Round all answers to one decimal place. Leave any unused cells blank.) 1. Fill in the blanks to complete the accounting equation Current Capital Other Total Requirement 2. How much in resources does Goldstream Foods have to work with? The amount of resources to work with is million Requirement 3. How much does Goldstream Foods owe creditors? The amount owed to creditors is million Requirement 4. How much of the company's assets do the Goldstream Foods shareholders actually own? The amount actually owned by the shareholders is million
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