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2) Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a

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2) Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,240,000 that is currently appraised at $1,440,000. The equipment originally cost$720,000 and is currently valued at $467,000. The inventory is valued on the balance sheet at $410,000 but has a market value of only one-half of that amount. The owner expects to collect 98 percent of the $225,200 in accounts receivable. The firm has $10,500 in cash and owes a total of $1,440,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm? A) $1,108,196 B) $672,000 C) $1,333,396 D) $1,743,396 E) $903,196

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