XXX plc purchased new machinery three years ago for 4 million. The machinery can be sold today

Fantastic news! We've Found the answer you've been seeking!

Question:

XXX plc purchased new machinery three years ago for 4 million. The machinery can be sold today for 2 million. XXX plc's current statement of financial position shows net non-current assets of 2,500,000, current liabilities of 1,375,000, and net working capital of 725,000. If all the current assets were liquidated today, the company would receive 1.9 million in cash. The book value of XXX plc's assets today is _____ and the market value of those assets is ____

Posted Date: May 18, 2024 10:02 AM

See More Questions

______________ is an approach to doing business that attempts to maximize an organization's competitiveness through the continual improvement of the quality of its products, services, people,...
Explain what the SIC codes are, and discuss the pros and cons of using them in financial analysis.
Data to be used in a linear regression analysis involving clients of an investment counselor include information regarding the risk level each client has specified: low, medium, or high. Determine...
What securities, other than shares, are traded on the London Stock Exchange?
Gerald/Brooke, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Bobby Brickley, operations...
3.5 nC (0, 5.5) cm 0 -5.5 nC (0, -5.5) cm 13 Two charges are placed on the y axis as shown in the Figure above. Calculate: a. The electric potential at point P of coordinates (9.5,0) cm. -1.7*10^9...
Mr. and Mrs, Z, both in their tate 40s, fle a joint tax return for 2021. They have one qualifying relative dependent, an elderly aunt. Mrs. Z. recelved taxable royalty payments =$15,000 from...
Total salaries and wages of Walnut Co . was $ 3 , 0 8 0 , 0 0 0 of which $ 4 4 0 , 0 0 0 represented amounts in excess of maximum limit of social security tax to certain employees ( i . e . the...
Morris Company has a daily payroll of $300 and employees are paid at the end of each week for work done that week (five-day work week). December 31 falls on a Tuesday and the week's wages will be...
On December 1 , 2 0 2 2 , Placer Corporation acquired all of the assets and liabilities of Sonata Company. The acquisition generated goodwill of $ 6 0 , 0 0 0 , 0 0 0 . At the date of acquisition,...
How long can a country like North Korea still be able to survive. They have to make a majority of their products on their own and only their own people to sell it too. Will they still be able to keep...
Sales totaled $1,098,900 for the year, variable selling and administrative expenses total $115,440, and fixed selling and administrative expenses totaled $176,256. There was r beginning inventory....
Cambria Limited took a $220,000 two-year note receivable from a customer in connection with a major inventory sale transaction on 1 January 20X5. The note required annual end-of-year interest...
Repeat the previous problem, but close the positions on September 20. Use the spreadsheet to find the profits for the possible stock prices on September 20. Generate a graph and use it to identify...
The following information is available from the financial statements of the Philips Company. Compute the free cash flow and comment on any trends observed between 2018 and 2019. Net sales. Net...
Jenny Company begins the year with $$110,000$ of inventory and purchased an additional $$245.000$ of inventory during the year. At year end, a physical count of inventory revealed that Jenny...
Following are items reported on the financial statements of Microsoft Corporation as of June 30, 2017. of the reported accounts have been combined for simplicity.) Amounts given are in millions of...

XXX plc purchased new machinery three years ago for 4 million. The machinery can be sold today

Question:

Expert Answer:

Students also viewed these finance questions