PLEASE SHOW SOLUTION. THANKS!

PLEASE SHOW SOLUTION. THANKS!

There are no other issuances or buyback of shares in 2019. How much is the 2 points book value per share of Sam Company? Linda, an analyst, is looking at the 2019 financial statements of Sam Company and gathered the following details: Cash P310,000 Receivables 320,000 Inventory 200,000 Property, Plant and Equipment 690,000 Accounts Payable 175,000 Long-term Notes Payable 500,000 Ordinary Share Capital (250,000 outstanding shares, P1.25 par) 312,500 Retained Earnings 532,500 P6.08 P3.38 P2.13 P1.25 How much will the ordinary shareholders from the liquidation? * 2 points XXX Company has had financial difficulty and is being liquidated. The firm has a liquidation value of P2,000,000 ---P800,000 from the fixed assets that served as collateral for mortgage bonds and P1,200,000 from all other assets (all prior claims have been satisfied). The firm's current capital structure is as follows: Unsecured bonds P1,000,000 Mortgage bonds 800,000 Preference shares 200,000 Ordinary shares 500,000 PO P396,000 P666,667 P1,000,000