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Finance question, please show me how to answer it. The Smell Fresh Kitty Litter Company has assets of $8 million, liabilities of S4 million and
Finance question, please show me how to answer it.
The Smell Fresh Kitty Litter Company has assets of $8 million, liabilities of S4 million and 1.6 million shares outstanding. Assuming creditors are paid in full prior to stockholders receiving any money, what is the maximum amount the stockholders would receive in a bankruptcy settlement? What is the amount per share they would receive? The maximum amount the stockholders would receive in a bankruptcy settlement is $ million. (Round to nearest whole integer.) The amount stockholders would receive per share is $ (Round to the nearest cent.)Step by Step Solution
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