Exam practice question

Klingon W$,$ Incorporated, purchased new cloaking machinery three years ago for $$5\mathrm{.}2$ million. The machinery can be sold to the Romulans today for $$7\mathrm{.}4$ million. Klingon's current balance sheet shows net fixed assets of $$4$ million, current liabilities of $$830,000,$ and net working capital of $$142,000.$ If all the current accounts were liquidated today, the company would receive $$945,000$ cash.

a$.$ What is the book value of Klingon's total assets today?

Note: Do not round intermediate calculations and enter your answerounded to the nearest whole num

b$.$ What is the sum of the market value of NWC and the market value of fixed assets?.

a$.$ Book value of total assets

b$.$ Sum of market value of NWC and fixed assets