Question
Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $12 million. The machinery can be sold to the Romulans today for $10.8 million.
Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $12 million. The machinery can be sold to the Romulans today for $10.8 million. Klingons current balance sheet shows net fixed assets of $10 million, current liabilities of $850,000, and net working capital of $249,000. If all the current accounts were liquidated today, the company would receive $1.16 million cash.
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What is the book value of Klingons total assets today?(Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
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