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91. The Widget Co. purchased new machinery three years ago for $4 million. The machiery can be sold to the Roeun Co, today for $2
91. The Widget Co. purchased new machinery three years ago for $4 million. The machiery can be sold to the Roeun Co, today for $2 million The Widget Co.'s current balance sheet sbows net fixed assets of $2.500,000. current liabilities of $1,375.000, and not working capital of $725,000. If all the current assets were puklated today, the company would receive $1.9 million in cash. The book value of the Widget Co.'s assets today is and the market value of those assets is A $4,600,000; $3.900.000 B. $4,600,000: 53.125,000 C. $5.000.000: 53.125,000 D. $5,000,000; $3.900.000 E $6,500,000; $3.900.000
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