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54. Peter owns The Train Store which he is trying to sell so that he can retire and travel. The Train Store owns the building
54. Peter owns The Train Store which he is trying to sell so that he can retire and travel. The Train Store owns the building in which it is located. This building was built at a cost of $427,000 and is currently appraised at $5 75,000. The display counters and xtures originally cost $87,000 and are currently valued at $49,000. The inventory is valued on the balance sheet at $289,000 and has a retail market value equal to 1.4 times its cost. Peter expects the store to collect 97 percent of the $48,041 in accounts receivable. The rm has $11,200 in cash and has total debt of $16?,400. What is the market value of this rm? $971,000 $907,800 $919,000 . $945,300 $957,000 wens
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