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mantparn mantparn
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7 years ago
Julie's Tanning Systems has an estimated liquidation value (after all prior claims have been satisfied) of $3,000,000, $1,500,000 from fixed assets, and $1,500,000 from current assets. The firm's value as a going concern is $4,000,000. The firm's current capital structure is as follows:


*Secured by fixed assets.

Prepare a table indicating the amount, if any, to be distributed to each claimant, in the event of liquidation.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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7 years ago
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mantparn Author
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#2
7 years ago
Thanks again for helping me in my management class!
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4 years ago
Thank you
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