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Westeastern Wear Inc. has the following balance sheet: Current Assets $ 7 , 0 0 0 Account Payable $ 2 , 0 0 0 Fixed
Westeastern Wear Inc. has the following balance sheet:
Current Assets
$
Account Payable
$
Fixed Assets
$
Notes Payable
$
Subordinated Debentures
$
Total Debt
$
Common Equity
$
Total Assets
$
Total Liabilities and Equity
$
The trustees costs total $ and the firm has no accrued taxes or wages. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much money will stockholders receive as a class, if a total of $ is received from the sale of the assets?
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