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Question - Assume Maple Leaf Foods Inc. has current assets of $633.6 million, capital assets of $1,126.7 million, and other assets totalling $1,237.5 million. Current liabilities are $591.2 million and long-term liabilities total $1,245.2 million.
Requirements -
a. Use these data to write Maple Leaf Foods' accounting equation.
b. How much in resources does Maple Leaf Foods have to work with?
c. How much does Maple Leaf Foods owe creditors?
d. How much of the company's assets do the Maple Leaf Foods shareholders actually own?
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