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Klingon Widgets, Inc., purchased new cloaking machinery three 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 three 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 $830,000, and net working capital of $248,000. If all the current accounts were liquidated today, the company would receive $1.15 million cash. |
What is the book value of Klingons total assets today? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
Book value of total assets | $ |
What is the sum of net working capital and the market value of fixed assets? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
Sum of NWC and market value of fixed assets | $ |
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