1. Publico, a large public company, recently restructured its shares so that the shareholders no longer have limited liability. Instead, shareholders now have unlimited liability for Publico's debts. As an investor, would you invest in the company? If more companies were to do this, what impact could there be on the functioning of primary and secondary markets for common stock?
								Zeke's Zebra Farm				Zeke's Zebra Farm
								Balance sheets as of July 31 2021 and Aug.31 2021 (in $1,000s CDN)				August Income Statement (in $1,000s CDN)
									July	August		Net sales	$4,850
								Cash	$1,225	$1,313		Cost of goods sold	$3,150
								Accounts rec.	$987	$1,089		Depreciation	$1,100
								Inventory	$1,923	$1,988		EBIT	$600
								Current assets	$4,135	$4,390		Interest paid	$456
								Net fixed assets	$2,800	$2,782		Taxable income	$144
Total assets	$6,935	$7,172		Taxes	$29
				Net income	$115
	July	August
Accounts payable	$998	$1,059
Notes payable	$187	$223
Current liabilities	$1,185	$1,282
Long-term debt	$1,950	$2,928
Retained earnings	$3,800	$2,962
Total L&E	$6,935	$7,172