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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 of book value.
The firm has shares of common stock outstanding.
All interest and dividends are currently paid up
Land and buildings can be liquidated at of book value.
Machinery and equipment can be liquidated at 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 Select the best answer below.
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