Book and liquidation value The balance sheet for Gallinas 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 Inventories can be liquidated at 88% 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 130% of book value 6. Machinery and equipment can be liquidated at 67% of book value. 7. Cash and marketable securities can be liquidated at book value. Given this information, answer the following: a. What is Gallinas Industries' book value per share? b. What is its liquidation value per share? a. Gallinas Industries' book value per share is $ (Round to the nearest cent.) i Data Table P. of at 6 ate har Assets Cash $ Marketable securities 77,560 44,320 44,320 Accounts receivable Inventories Gallinas Industries Balance Sheet December 31 Liabilities and Stockholders' Equity $ 40,000 Accounts payable 60,940 Notes payable 83,100 Accrued wages 66,480 Total current liabilities $ 250,520 Long-term debt $ 113,805 Preferred stock 189,675 Common stock (10,000 shares) $ 303,480 Retained earnings $ 554,000 Total liabilities and stockholders' equity $ 166,200 $ 160,660 Total current assets Land and buildings (not) Machinery and equipment Total fixed assets (not) $ 66,480 77,660 83,100 Total assets $ 564,000 Print Dono