Lang enterprises was started when it acquired $4,000 cash from creditors and $6,000 from owners. The company immediately purchased land that cost $9,000. After all evenets have been recorded under the accounting equation. Lang's obligations to creditors represent what percent of total assets?Do not include any points or percentage signs in your answer.

Lang enterprises was started when it acquired $4,000 cash from creditors and $6,000 from owners. The company immediately purchased land that cost $9,000. After all evenets have been recorded under the accounting equation. Lang's obligations to creditors represent what percent of total assets?Do not include any points or percentage signs in your answer.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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