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Current assets Fixed assets Total assets Liquidation Southwestern Wear Inc. has the following balance sheet: 375,000 750,000 750,000 $1,875,000 Accounts payable Notes payable Subordinated

Current assets Fixed assets Total assets Liquidation Southwestern Wear Inc. has the following balance sheet: 375,000 750,000 750,000 $1,875,000 Accounts payable Notes payable Subordinated debentures Total debt Common equity $3,750,000 Total liabilities & equity

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