Question
BOOK VALUE MARKET VALUE (in millions of dollars) Current assets Fixed assets Total $0.00 $0.00 Muffins Masonry Incorporateds balance sheet lists net fixed assets as
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Muffins Masonry Incorporateds balance sheet lists net fixed assets as $16 million. The fixed assets could currently be sold for $23 million. Muffins current balance sheet shows current liabilities of $6.5 million and net working capital of $5.5 million. If all the current accounts were liquidated today, the company would receive $7.35 million cash after paying the $6.5 million in current liabilities.
What is the book value of Muffins Masonrys assets today and the market value of these assets?
Note: Enter your answers in millions of dollars rounded to 2 decimal places. (i.e., Enter 5,500,000 as 5.50.)
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