Hombran Doughnuts has current assets of $290 million; property,
Hombran Doughnuts has current assets of $290 million; property, plant, and equipment of $490 million; and other assets totaling $150 million. Current liabilities are $150 million and long-term liabilities total $310 million.
1. Use these data to write Hombran Doughnuts accounting equation.
2. How much in resources does Hombran have to work with?
3. How much does Hombran owe creditors?
4. How much of the companys assets do the Hombran stockholders actually own?