# Use the expanded accounting equation to answer each of the following

Use the expanded accounting equation to answer each of the following questions.

(a) The liabilities of Roman Company are \$90,000. Owner’s capital account is \$150,000; drawings are \$40,000; revenues, \$450,000; and expenses, \$320,000. What is the amount of Roman Company’s total assets?

b) The total assets of Dylan Company are \$57,000. Owner’s capital account is \$25,000; drawings are \$7,000; revenues, \$52,000; and expenses, \$35,000. What is the amount of the company’s total liabilities?

(c) The total assets of Capp Co. are \$600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Capp Co.’s owner’s equity?

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