Q1: (a) * Financial distress does not usually result in firm's death. Why? critically discuss. (7 marks) (b) Find the amount distributed to each equity shareholder due to the liquidation of the following firm. (8 marks) Total amount available for distribution is OMR 5,000,000 Liquidation expenses is OMR 1,000,000 The capital structure is as follows: Capital Mortgaged debentures Subordinated debentures 1 Subordinated debentures 2 Equity shares @ $75 per share) Total Amount (OMR) 2,000,000 1,000,000 1,000,000 1,500,000 5,500,000