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 events have been recorded under the accounting equation, Lang’s obligations to creditors represent what percent of total assets?

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 events have been recorded under the accounting equation, Lang’s obligations to investors represent what percent of total assets?

Assume Lang Enterprises' debt is due. Given that Lang has $6,000 in stockholder’s equity, can the company repay the creditors at this point? Why or why not?

Assume Lang Enterprises' debt is due. Given that Lang has $6,000 in Common Stock, can the company repay the creditors at this point? Why or why not?