Problem
Sterling Ltd has cash of $13,032, accounts receivable of $33,640, and inventory of $26,620. In addition, the company has fixed assets of $153,471. Management has also told you that you can reasonably expect to collect 86 percent of the accounts receivable, that the inventory could be sold to realize 73 percent of its book value, and that the sale of the property, plant, and equipment would yield $102,449. What is the liquidation value of this company's assets?