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, Inc., has current assets of $200 million; property,plant, and equipment of $ 350 million; and other assets totaling $ 180 million. Current liabilities are
, Inc., has current assets of $200 million; property,plant, and equipment of $ 350 million; and other assets totaling $ 180 million. Current liabilities are $ 190 million andlong-term liabilities total $ 320 million.
Requirements
1.Use these data to write Tropmin
Tropmin's accounting equation.
2.How much in resources does Tropmin
Tropmin have to workwith?
3.How much does Tropmin
Tropmin owecreditors?
4.How much of thecompany's assets do the Tropmin
Tropmin stockholders actuallyown?
(Enter all amounts in millions ofdollars.)
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