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Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans today for $7.4 million.
Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans today for $7.4 million. Klingon's balance sheet shows net fixed assets of $6 million and current assets of $900,000. If all of the firm's current assets were sold today, the company would receive $1.2 million cash. The book value of Klingon's assets is and their market value is . Enter your answers in millions with one decimal place.
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