Question: Use the basic accounting equation to answer these questions. (a) The liabilities of Sheridan Company are $95,300 and the stockholders' equity is $261,000. What is

 Use the basic accounting equation to answer these questions. (a) The

Use the basic accounting equation to answer these questions. (a) The liabilities of Sheridan Company are $95,300 and the stockholders' equity is $261,000. What is the amount of Sheridan's total assets? Total assets $ (b) The total assets of Windsor Company are $195,000 and its stockholders' equity is $87,000. What is the amount of its total liabilities? Total liabilities $ (c) The total assets of Grouper Co. are $880,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Grouper's stockholders' equity? Stockholders' equity $ $

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