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Use the following information for the next two questions Rex Toothpix Co. is undergoing liquidation Information on Rex Toothpix Co.'s assets and liabilities la shown
Use the following information for the next two questions Rex Toothpix Co. is undergoing liquidation Information on Rex Toothpix Co.'s assets and liabilities la shown below ASSETS Book value Realizable value Assets pledged to fully secured creditors 360,000 480,000 Assats pledged to partially secured creditors 208,000 192,000 Free asset 600,000 576,000 1,168,000 1,248,000 LIABILITIES Unsecured liabilities with priority 288,000 288,000 Fully secured creditors 384,000 384,000 Partially secured creditors 240,000 240,000 Unsecured creditors without priority 432,000 432,000 1,344,000 1,344.000 22. If the assets are sold at realizable values, how much cash is available to pay unsecured creditors without pinionty? a. 336,000 6.384,000 524,000 d. 288,000 23. How much con the partially secured creditors expect to recover from their claims? a. 384,000 b. 234.000 230,400 d. 276,000
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