BFG Has Current Assets of $800,000, Which Can Be Liquidated

question 133

Essay

BFG has current assets of $800,000, which can be liquidated at 90 percent of book value. Total liabilities, including preferred stock, equal $270,000. The firm has 15,000 shares of common stock outstanding. What is the liquidation value per share of common stock?

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Definitions:

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Low Expectations

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