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Business, 26.03.2020 23:55 parosil

The Smell Fresh Kitty Litter Company has assets of $11 million, liabilities of $5 million, and 2.4 million shares outstanding. Assuming creditors are paid in full prior to stockholders receiving any money, what is the maximum amount the stockholders would receive in a bankruptcy settlement? What is the amount per share they would receive?

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The Smell Fresh Kitty Litter Company has assets of $11 million, liabilities of $5 million, and 2.4 m...
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