Wright Company recently petitioned for bankruptcy and is now in the process of preparing a statement of affairs. The carrying values and estimated fair values of the assets of Wright Company are as follows: Carrying ValueFair ValueCash $10,000 $10,000 Accounts Receivable 60,000 20,000 Inventory 70,000 40,000 Land 90,000 75,000 Building (net) 200,000 150,000 Equipment (net) 80,000 25,000 Total $510,000 $320,000 Debts of Wright are as follows: Accounts Payable$40,000 Wages Payable (all have priority) 6,000 Taxes Payable 12,000 Notes Payable (secured by receivables and inventory) 90,000 Interest on Notes Payable 5,000 Bonds Payable (secured by land and buildings) 200,000 Interest on Bonds Payable 8,000 Total$361,000 Based
on the preceding information, what is the estimated dividend percentage?
A. 45 percent
B. 61 percent
C. 55 percent
D. 69 percent
Answer: A
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________ refers to whether the manipulation of the independent variables or treatments actually caused the observed effects on the dependent variables
A) Internal validity B) Extraneous validity C) External validity D) Control validity E) Corollary group
Merchandise inventory is classified on the balance sheet as a
A) Current Liability B) Current Asset C) Long-Term Asset D) Long-Term Liability
Degollado Corporation's most recent income statement appears below: Sales (all on account)$140,000 Cost of goods sold 60,000 Gross margin 80,000 Selling and administrative expense 30,000 Net operating income 50,000 Interest expense 10,000 Net income before taxes 40,000 Income taxes (30%) 12,000 Net income$28,000 The beginning balance of total assets was $200,000 and the ending balance was $220,000.Required:Compute the return on total assets. Show your work!
What will be an ideal response?
The record date is the date on which the board of directors announces the next quarterly cash dividend
Indicate whether the statement is true or false.