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The Smell Fresh Kitty Litter Company has assets of $10 million, liabilities of $2 million, and 2.3 million shares outstanding. Assuming creditors are paid in
The Smell Fresh Kitty Litter Company has assets of $10 million, liabilities of $2 million, and 2.3 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 articunt the stockholders would receive in a bankruptcy settlement is $million. (Round to nearest whole integer.) Scroonshot Screenshot
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