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Bobcat corporation has cash of $18,000, accounts receivable of $35,000, salaries payable of $30,000, inventory of $100,000, LT debt of $120,000, and net fixed assets
Bobcat corporation has cash of $18,000, accounts receivable of $35,000, salaries payable of $30,000, inventory of $100,000, LT debt of $120,000, and net fixed assets of $330,000. The firm estimates that if it wanted to cease operations today it could sell the inventory for $85,000 and fixed assets for $355,000. The firm could collect 100 percent of its receivables as they are secured. What is the market value of the firm's assets?
Group of answer choices
$483,000
$483,000
$493,000
$343,000
None of the above are correct.
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