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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 A firm reported current assets of P1,000,000, which can be liquidated at 80 2 points percent of book value. Total liabilities, including preferred stock, equal P270,000. The firm has 20,000 shares of common stock outstanding. What is the liquidation value per share of common stock?* P40.00 P36.50 P50.00 P26.50