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4. Mitch Robbins, Phil Berquist and Ed Furillo are opening City Slickers Cattle, Inc Below are their contributions of assets and debt. Please help them
4. Mitch Robbins, Phil Berquist and Ed Furillo are opening City Slickers Cattle, Inc Below are their contributions of assets and debt. Please help them figure out the net worth they are each contributing and how many shares (valued at S1000) they should each receive. (1 point per blank, 10 points total). Please show your work for credit. Total $95,000 $46,000 $92,000 Assets Mitch Phil Ed Capital Feed Cattle Buildings/land Total Assets Liabilities Net Worth Shares @ $1000 $40,000 $20,000 $0 S40,000 $32,000 $50,000 $10,000 $0 $100,000 $85,000 $35,000 $6,000 $185,000 S418,000 $ $85,000 $15,000 $0 $70,000 S333,000$
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