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Please help me . Please help me .. Please help QUESTION 1 Below is the balance sheet for ABC Industry for December 31, 2021 Asset
Please help me . Please help me .. Please help
QUESTION 1 Below is the balance sheet for ABC Industry for December 31, 2021 Asset Cash Marketable securities Account receivable RM 50,000 70,000 130,000 Liabilities and Stockholders' Equity RM 100,00 Account payable 0 Notes payable 30,000 Accrued wages 30,000 RM 160,00 Total current liabilities 0 RM 180,00 Long-term debt 0 Inventories 160,000 Total current assets RM 410,000 Land and buildings(net) RM 200.000 Preferred stock RM 80,000 260,00 0 Common stock (10,000 shares) Machinery and equipment 300,000 Total fixed assets(net) RM 500,000 Retained earnings Total liabilities and stockholders' equity 230,00 0 RM 910,00 0 Total assets RM 910,000 Additional information with respect to the firm is available: (1) Preferred stock can be liquidated at book value. (2) Account receivable and inventories can be liquidated at 95 percent 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 building can be liquidated at 150 percent of book value. Machinery and equipment can be liquidated at 80 percent of book value. (7) Cash and marketable securities can be liquidated at book value. Based on the balance sheet statement of ABC Industry; December 31, 2020, calculate the following questions; (1) Book value per share of ABC Industry. (11) Liquidation value per share of ABC IndustryStep by Step Solution
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