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Kimbo Widgets Inc. purchased new cloaking machinery three years ago for $12 million. The machinery can be sold to the Rimalons today for $11.0 million.

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Kimbo Widgets Inc. purchased new cloaking machinery three years ago for $12 million. The machinery can be sold to the Rimalons today for $11.0 million. Kimbo's current statement of financial position shows net fixed assets of $9.0 million, current liabilities of $0.80 million, and net working capital of $270,000. If all the current assets were liquidated today, the company would receive $1.10 million cash. (Do not round intermediate calculations. Enter the answers in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.) What is the book value of Kimbo's total assets today? Total asset book value ta What is the market value? Total asset market value

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