Today, Eddie Bauer Holdings is filing bankruptcy protectoin once again. This is what I read on the Net:
"The outdoorsy clothing retailer had $476.1 million in assets and
Since assets include liabilities and equity, and one type of liability is debts, does this mean that the total equity that Eddie Bauer had was only $49.4M (since $49.4 + $426.7 = $476.1)? Or is their use of the term "assets" inaccurate, and they really should have used the term "net assets/Book Value/Equity"?
Also, Eddie Bauer has already filed for bankruptcy back in '05. What is the future for a company that has no viable strategy to make an earning? This company sucks, if all they do is go bankrupt.