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I am struggling with this.... can someone show me how to answer this problem? Klingon Widgets, Inc., purchased new cloaking machinery five years ago for
I am struggling with this.... can someone show me how to answer this problem?
Klingon Widgets, Inc., purchased new cloaking machinery five years ago for $5 million. The machinery can be sold to the Romulans today for $4.5 million. Klingons current balance sheet shows net fixed assets of $3.5 million, current liabilities of $750,000, and net working capital of $229,000. If all the current assets were liquidated today, the company would receive $1.11 million cash. |
What is the book value of Klingons total assets today? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
Book value of total assets | $ |
What is the market value? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
Market value of total assets | $ |
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