Mndesto company has the subsequentunsecured creditors

Assignment Help Financial Accounting

Reference no: EM13350931

Mondesto Company has the subsequent:

Unsecured creditors $ 243,000

Liabilities with priority 123,000

Secured liabilities:

Debt 1, $236,000; value of pledged asset 193,000

Debt 2, $198,000; value of pledged asset 113,000

Debt 3, $133,000; value of pledged asset 166,000

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The company also has a number of other assets that are not pledged in any way. The creditors holding Debt 2 want to receive at least $170,800.

For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $170,800? (Round your percentage answers in calculations to the nearest whole percent.)

Reference no: EM13350931

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