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What is the amount of Franks total assets

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Reference no: EM132515631

Question - Given the accounting equation, answer each of the following questions.

1. The liabilities of Frank's Smoothies are $120,000, and the stockholders' equity is $325,000. What is the amount of Frank's total assets?

2. The total assets of Gina Pizza are $360,000, and its stockholders' equity is $210,000. What is the amount of its total liabilities?

3. The total assets of Ralph Salads Co. are $700,000, and its liabilities are equal to one-half its total assets. What is the amount of Ralph Salads' stockholders' equity?

Reference no: EM132515631

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