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2. The Smell Fresh Kitty Litter Company has assets of $10 million, liabilities of $5 million, and 1.4 million shares outstanding. Assuming creditors are paid
2. The Smell Fresh Kitty Litter Company has assets of $10 million, liabilities of $5 million, and 1.4 million shares outstanding. Assuming creditors are paid in full prior to stockholders receiving any money, what is the maximum amount the stockholders would receive in a bankruptcy settlement? What is the amount per share they would receive? The maximum amount the stockholders would receive in a bankruptcy settlement is $ million. (Round to nearest whole integer.) The amount stockholders would receive per share is $ (Round to the nearest cent.)
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