Southwestern Wear Inc. has the following balance sheet: The trustee's costs total $312,250, and the firm has no accrued
Posted: Wed Jul 06, 2022 6:28 pm
Southwestern Wear Inc. has the following balance sheet:
The trustee's costs total $312,250, and the firm has no accruedtaxes or wages. Southwestern has no unfunded pension liabilities.The debentures are subordinated only to the notes payable. If thefirm goes bankrupt and liquidates, how much will each class ofinvestors receive if a total of $3.0 million is received from saleof the assets? Round your answers for monetary values to thenearest dollar and for percentage values to the nearest wholenumber. If your answer is zero, enter “0”. Enter your answers aspositive values.
Distribution of proceeds on liquidation:
The trustee's costs total $312,250, and the firm has no accruedtaxes or wages. Southwestern has no unfunded pension liabilities.The debentures are subordinated only to the notes payable. If thefirm goes bankrupt and liquidates, how much will each class ofinvestors receive if a total of $3.0 million is received from saleof the assets? Round your answers for monetary values to thenearest dollar and for percentage values to the nearest wholenumber. If your answer is zero, enter “0”. Enter your answers aspositive values.
Distribution of proceeds on liquidation: