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Looran, Inc, has current assets of $160 milifony property, plant, and equiprient of $360 milion; and other assets totaling $100 million. Current labilities are $120
Looran, Inc, has current assets of $160 milifony property, plant, and equiprient of $360 milion; and other assets totaling $100 million. Current labilities are $120 million and fong-term labilitios tote 330 milion. Requirements 1. Use these data to write Goorar's accounting equation. 2. How much in fesources does Gooran have to work with? 3. How much does Gooran cwe creditors? 4. How much of the company's assets do the Gooran stockholders actually own? (Enter all amounts in milions of dollars.) Requirement 1. Use the data provised to wrte Coorar's accounting equation. Requirement 2. How much in resourbes does Gooran have to work wat? Gochan has 5 mition in resources to work with Requirement 2. How much does Gooren own credtert? Gooran owes cruditors 5 Requirement 4. How much of the compan's assets do the Gooran stockholders actually ewn? The Gooren wachioliden actually owns milion of the compary's assets
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