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4. Problem 24-01 (Liquidation) Liquidation Southwestern Wear Inc. has the following balance sheet: payable. If the firm goes bankrupt and liquidates, how much will each
4. Problem 24-01 (Liquidation) Liquidation Southwestern Wear Inc. has the following balance sheet: payable. If the firm goes bankrupt and liquidates, how much will each class of investors receive if a total of $2.2 million is received from sale of the assets? Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If your answer is zero, enter "0". Enter your answers as positive values. Distribution of proceeds on liquidation: Distribution to general creditors: Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. The remaining $ will go to the common stockholders. They will receive only % of the amount of equity on the balance sheet
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