Lang Enterprises was started when it acquired $9,000 cash from creditors and $21,000 from owners. The company immediately purchased land that cost $26,000.

After all events have been recorded, Langs obligations to creditors represent what percent of total assets?

c.	After all events have been recorded, Langs stockholders equity represents what percent of total assets?

d.

Assume the debt is due. Given that Lang has $21,000 in stockholders equity, can the company repay the creditors at this point?

	Yes
	No