P7-18 (similar to) Question Help O Book and liquidation value The balance sheet for Gallinas Industries is as follows, E. Additional information with respect to the firm is available: Data Table 1. Preferred stock can be liquidated at book value. 2. Accounts receivable and inventories can be liquidated at 93% 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 135% 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. Gallinas Industries Balance Sheet December 31 Given this information, answer the following: Assets 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.) Cash S 30,000 Liabilities and Stockholders' Equity Accounts payable Notes payable $ 48,720 Marketable securities 54,810 48,720 48,720 Accounts receivable 115,710 91,350 Accrued wages Total current liabilities $ 146,160 S 291,870 $ 103,530 Inventories Total current assets Land and buildings (net) Machinery and equipment Total fixed assets (net) Long-term debt Preferred stock S $ 73,080 118.924 198,206 Common stock (10,000 shares) 194,880 91,350 Retained eamings S 317,130 S609,000 Total assets $ 609,000 Total liabilities and stockholders' equity Print Done Enter your answer in the answer box and then click Check