Willowâ, âInc., has current assets of $ 220 âmillion; property,âplant, and equipment of $ 320 âmillion; and other assets totaling $ 130 million. Current liabilities are $ 160 million andâ long-term liabilities total $ 380 million. Required:
a. Use these data to write Willowâ's accounting equation.ââ
b. How much in resources does Willow have to workâ with?
c. How much does Willow oweâ creditors?
d. How much of theâ company's assets do the Willow stockholders actuallyâ own?

Willowa Inc.

a. Willowa's accounting equation (assets = liabilities + equity)

= $220 + $320 + $130 = $160 + $380 + $130

b. Working capital = Current assets - current liabilities

= $60 million ($220 - $160 million)

c. Willowa owes $540 million to creditors.

d. The company's assets owed by Willowa's stockholders = $130 million.

Explanation:

a) Data and Calculations:

Current assets = $220 million

Property, plant, equipment = $320 million

Other assets = $130 million

Total assets = $670 million

Current liabilities = $160 million

Long-term liabilities = $380 millon

Total liabilities = $540 million

Equity = Total assets - total liabilities

= $130 ($670 - $540) million

i think you have to let the moderators that you want your old account to be activated.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.