Assume Huron Foods Inc. has current assets of $627.5 million, capital assets of $1,064.2 million, and...

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Assume Huron Foods Inc. has current assets of $627.5 million, capital assets of $1,064.2 million, and other assets totalling $1,160.0 million. Current liabilities are $592.9 million and long-term liabilities total $1,242.1 million. Required 1. Use these data to write Huron Foods' accounting equation. 2. How much in resources does Huron Foods have to work with? 3. How much does Huron Foods owe creditors? 4. How much of the company's assets do the Huron Foods shareholders actually own? Assets = Liabiliities + Shareholders' Equity Current Capital Other Total Requirement 2. How much in resources does Huron Foods have to work with? The amount of resources to work with is million. Requirement 3. How much does Huron Foods owe creditors? The amount owed to creditors is million. Requirement 4. How much of the company's assets do the Huron Foods shareholders actually own? The amount actually owned by the shareholders is million. Assume Huron Foods Inc. has current assets of $627.5 million, capital assets of $1,064.2 million, and other assets totalling $1,160.0 million. Current liabilities are $592.9 million and long-term liabilities total $1,242.1 million. Required 1. Use these data to write Huron Foods' accounting equation. 2. How much in resources does Huron Foods have to work with? 3. How much does Huron Foods owe creditors? 4. How much of the company's assets do the Huron Foods shareholders actually own? Assets = Liabiliities + Shareholders' Equity Current Capital Other Total Requirement 2. How much in resources does Huron Foods have to work with? The amount of resources to work with is million. Requirement 3. How much does Huron Foods owe creditors? The amount owed to creditors is million. Requirement 4. How much of the company's assets do the Huron Foods shareholders actually own? The amount actually owned by the shareholders is million.

Answer rating: 100% (QA)

1 Accounting Equation is given below Assets Liabilities Shareholders Equity Current 6275 mi... View the full answer