A bankrupt trader owed 87,500 pounds to her creditors, of which 28,100 pounds was secured against assets. The assets of the business raised 52,500 pounds,
A bankrupt trader owed 87,500 pounds to her creditors, of which 28,100 pounds was secured against assets. The assets of the business raised 52,500 pounds, out of which 4,204 pounds was paid in fees during the process of bankruptcy. (a) Calculate the ratio of assets, before fees, to liabilities, in its simplest terms
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Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho
2008th Edition
3540695311, 978-3540695318
