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
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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.
Transcribed Image Text: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.
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