Calculate the amount of cash that would be available to the owners if the A/R are collected, the other assets are sold as described, and the liabilities are paid off in full.
Firm has $34,910 in cash, inventory total $107,000, A/R $72000, plant & equipment $192,000 book value, total liabilities $307,000. Estimated inventory can be disposed of in a liquidation sale for 75% of its cost, all but 15% of the A/R can be collected, and plant & equipment can be sold for $210000.