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Question - Using the accounting equation; evaluating business operations
TirLrnan Doughnuts has current amts of €270 million; property plant and equipment of €470 million; and other assets totaling €110 million. Current liabilities are €110 million and long-term liabilities total €370 million.
Requirements -
1. Use these data to write Tim-man's accounting equation.
2. How much in resources does Tinman have to work with?
3. How much does Tinman owe creditors?
4. How much of the company's assets do the Tinman shareholders actually own?
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