common stock outstanding. What is the liquidation value per shareVALUATION CONCEPTS AND METHODOLOGIESand taxes. What is the liquidation value of Magic Homes?preferred stock, equal Php 270,000. The firm has 20,000 shares ofliquidated at 80 percent of book value. Total liabilities, includingA firm reported current assets of Php 1,000,000, which can becommon stock outstanding. What is the liquidation value per shareof common stock?a. Php 50.00b. Php 40.00c. Php 36.50d. Php 26.505. Kristine, a shareholder, received P10 per share as liquidationvalue for the 1,000,000 shares of Cathy Company that she owned.Kristine owned 10% ownership stake in Cathy Company. Howmuch was the liquidation value of the Cathy Company?a. Php 10 millionb. Php 50 millionc. Php 100 milliond. Php 124 million6. Magic Homes is to be liquidated. All creditors, both secured andunsecured, are owed Php 2 million. Administrative costs ofiquidation and wages payments are expected to be Php 500,000.Asale of assets is expected to bring Php 3 million after all costsand taxes. What is the liquidation value of Magic Homes?a. Php 3,000,000b. Php 2,000,000c. Php 1,000,000d. Php 500,000ortners have

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DOLOGIES 4. A firm reported current assets of Php 1,000,000, which can be common stock outstanding. What is the liquidation value per share preferred stock, equal Php 270,000. The firm has 20,000 shares of liquidated at 80 percent of book value. Total liabilities, including oreferred stock, equal Php 270,000. The firm has 20,000 shares of common stock outstanding. What is the liquidation value per share liquidated at 80 percent of book value. Total liabilities, including of common stock? a. Php 50.00 b. Php 40.00 c. Php 36.50 d. Php 26.50

DOLOGIES 4. A firm reported current assets of Php 1,000,000, which can be common stock outstanding. What is the liquidation value per share preferred stock, equal Php 270,000. The firm has 20,000 shares of liquidated at 80 percent of book value. Total liabilities, including oreferred stock, equal Php 270,000. The firm has 20,000 shares of common stock outstanding. What is the liquidation value per share liquidated at 80 percent of book value. Total liabilities, including of common stock? a. Php 50.00 b. Php 40.00 c. Php 36.50 d. Php 26.50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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3. Calculate current ratio and Liquid ratio from the following: RO 152,000 RO 113,000 RO 24,000 RO 18,000 RO 8,000 Share capital Fixed Assets 5% Debentures Debtors General reserve Cash in hand and at Bank Creditors Bill Payables Stock RO 30,000 RO 20,000 RO 4,000 RO 52,000 RO 5,000 Profit and Loss A/c
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The following information pertains to Marsh Company. Assume that all balance sheet amounts represent average balance figures Total asset $400.000 Stockholders' equity-common 200,000 Total stockholders' equity 280,000 Sales 120,000 Net income 30,000 Number of shares of common stock 8,000 Common dividends 6,000 Preferred dividends 4,000 What is Marsh's return on common stockholders' equity? a. 15% b. 13.0% c. 10.0% d. 9.3%