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 stockholders actually own?