A firm has a total assets of 59,000,000, that can be sold in he market today for $5,500,000, otal Liabilities of S4,000,000, preferred stock of $500,000, and 20,000 shares of common stock putstanding. The difference petween it's book value per share and liquidation value per share vould be?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter1: Introduction And Goals Of The Firm
Section: Chapter Questions
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A firm has a total assets of
$9,000,000, that can be sold in
the market today for $5,500,000,
Total Liabilities of $4,000,000,
preferred stock of $500,000, and
120,000 shares of common stock
outstanding. The difference
between it's book value per share
and liquidation value per share
would be?
Transcribed Image Text:A firm has a total assets of $9,000,000, that can be sold in the market today for $5,500,000, Total Liabilities of $4,000,000, preferred stock of $500,000, and 120,000 shares of common stock outstanding. The difference between it's book value per share and liquidation value per share would be?
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