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Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $12.9 million. The machinery can be sold to the Romulans today for $11.8 million.
Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $12.9 million. The machinery can be sold to the Romulans today for $11.8 million. Klingons current balance sheet shows net fixed assets of $9.6 million, current liabilities of $789433, and net working capital of $298820. If all the current assets were liquidated today, the company would receive $1.1 million cash.
What is the book value of Klingons total assets today?
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