Book and liquidation value The balance sheet for Galinas Industries is as follows. Additional information with respect to the firm is available: 1. Preferred stock can be liquidated at book value 2. Accounts receivable and inventorion can be liquidated at 89% of book value 3. The firm has 10,000 shares of common stock outstanding 4. All interest and dividends are currently paid up 5. Land and buildings can be liquidated at 120% of book value. 6 Machinery and equipment can be liquidated at 74% of book value 7. Cash and marketable securities can be liquidated at book value, ad ery nd Data Table -X un Assets sin Cash $ Liabilities and Stockholders' Equity Accounts payable Notes payable $ 45,000 42,640 69,290 Marketable securities 47 970 47,970 Accrued wages 69,290 74,620 Total current liabilities $ 165,230 $ 231,550 $ 154,570 ar Accounts receivable Inventories Total current assets Land and buildings (net) Machinery and equipment Total fixed assets (net) Long-term debt Preferred stock $ 63,960 $ 113,044 188.406 $ 301.450 69,290 79,950 ng Common stock (10,000 shares) Retained earnings Total liabilities and stockholders' equity $ 533,000 $ 533,000 Total assets Print Done Book and liquidation value The balance sheet for Gallinas Industries is as follows 1. Preferred stock can be liquidated at book value. 2. Accounts receivable and inventories can be liquidated at 89% of book value. 3. The firm has 10,000 shares of common stock outstanding. 4. All interest and dividends are currently paid up. 5. Land and buildings can be liquidated at 120% of book value. 6. Machinery and equipment can be liquidated at 74% of book value. 7 Cash and marketable securities can be liquidated at book value. Data Table Assets Cash $ S 45,000 42,640 Marketable securities 69,290 47,970 47,970 Accounts receivable 69,290 74.620 Inventories Liabilities and Stockholders' Equity Accounts payable Notes payable Accrued wages Total current liabilities Long-term debt Preferred stock Common stock (10,000 shares) Retained earnings $ 165,230 $ 231,550 $ 154,570 $ 63,960 Total current assets Land and buildings (net) Machinery and equipment Total fixed assets (net) $ 113,044 188,406 69,290 79,950 $ 301.450 $ 533,000 $ 533,000 Total liabilities and stockholders' equity Total assets Print Done Book and liquidation value The balance sheet for Galinas Industries is as follows. Additional information with respect to the firm is available: 1. Preferred stock can be liquidated at book value 2. Accounts receivable and inventorion can be liquidated at 89% of book value 3. The firm has 10,000 shares of common stock outstanding 4. All interest and dividends are currently paid up 5. Land and buildings can be liquidated at 120% of book value. 6 Machinery and equipment can be liquidated at 74% of book value 7. Cash and marketable securities can be liquidated at book value, ad ery nd Data Table -X un Assets sin Cash $ Liabilities and Stockholders' Equity Accounts payable Notes payable $ 45,000 42,640 69,290 Marketable securities 47 970 47,970 Accrued wages 69,290 74,620 Total current liabilities $ 165,230 $ 231,550 $ 154,570 ar Accounts receivable Inventories Total current assets Land and buildings (net) Machinery and equipment Total fixed assets (net) Long-term debt Preferred stock $ 63,960 $ 113,044 188.406 $ 301.450 69,290 79,950 ng Common stock (10,000 shares) Retained earnings Total liabilities and stockholders' equity $ 533,000 $ 533,000 Total assets Print Done Book and liquidation value The balance sheet for Gallinas Industries is as follows 1. Preferred stock can be liquidated at book value. 2. Accounts receivable and inventories can be liquidated at 89% of book value. 3. The firm has 10,000 shares of common stock outstanding. 4. All interest and dividends are currently paid up. 5. Land and buildings can be liquidated at 120% of book value. 6. Machinery and equipment can be liquidated at 74% of book value. 7 Cash and marketable securities can be liquidated at book value. Data Table Assets Cash $ S 45,000 42,640 Marketable securities 69,290 47,970 47,970 Accounts receivable 69,290 74.620 Inventories Liabilities and Stockholders' Equity Accounts payable Notes payable Accrued wages Total current liabilities Long-term debt Preferred stock Common stock (10,000 shares) Retained earnings $ 165,230 $ 231,550 $ 154,570 $ 63,960 Total current assets Land and buildings (net) Machinery and equipment Total fixed assets (net) $ 113,044 188,406 69,290 79,950 $ 301.450 $ 533,000 $ 533,000 Total liabilities and stockholders' equity Total assets Print Done