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Book and liquidation value The balance sheet for Gallinas Industries is as follows, . Additional information with respect to the firm is available: Preferred stock

Book and liquidation value The balance sheet for Gallinas Industries is as follows, . Additional information with respect to the firm is available:
Preferred stock can be liquidated at book value.
Accounts receivable and inventories can be liquidated at 92% of book value.
The firm has 10,000 shares of common stock outstanding.
All interest and dividends are currently paid up.
Land and buildings can be liquidated at 120% of book value.
Machinery and equipment can be liquidated at 69% of book value.
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.)
b. Gallinas Industries' liquidation value per share is $
(Round to the nearest cent.)
c. Compare, contrast, and discuss the values found in parts a and b.(Select the best answer below.)
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