Krispy Kreme Doughnuts has current assets of $147 million; property, plant, and equipment of $206 million; and

Question:

Krispy Kreme Doughnuts has current assets of $147 million; property, plant, and equipment of $206 million; and other assets totaling $58 million. Current liabilities are $154 million and long-term liabilities total $148 million.
Requirements
1. Use these data to write Krispy Kreme Doughnuts' accounting equation.
2. How much in resources does Krispy Kreme have to work with?
3. How much does Krispy Kreme owe creditors?
4. How much of the company's assets do the Krispy Kreme stockholders actually own?
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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0135012840

7th edition

Authors: Walter T. Harrison, Charles T. Horngren

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