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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $7.7 million. The machinery can be sold to the Romulans today for $4.2 million.
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $7.7 million. The machinery can be sold to the Romulans today for $4.2 million. Klingon's current balance sheet shows net fixed assets of $3.05 million, current liabilities of $2.4 million, and net working capital of $510,000. If all the current assets were liquidated today, the company would receive $1.15 million cash.
What is the book value of Klingon's assets today? | |
(Click to select) 7,110,000 10,610,000 4,200,000 3,050,000 5,960,000 |
(b) | What is the market value? |
(Click to select) 5,962,550 1,150,000 5,350,000 7,110,000 4,200,000 |
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