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A company purchased a machine 3 years ago for $9,500. The machine can be sold today for $6,300. The companys B/S shows Fixed assets (net)

A company purchased a machine 3 years ago for $9,500. The machine can be sold today for $6,300. The companys B/S shows Fixed assets (net) of $5,000, current liabilities of $2,100 and net working capital [CA CL] of $800. If all the current assets were liquidated today, the company would receive $2,800 cash. What is the book value of the company assets now? Calculate MB ratio = [market value of assets]/[book-value of assets]

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