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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $4.6 million.

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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $4.6 million. Klingon's current balance sheet shows net fixed assets of $2.7 million, current liabilities of $1.9 million, and net working capital of $450,000. If all the current assets and current liabilties were liquidated today, the company would receive $1.05 million cash. a. What is the book value of Klingon's total assets today? b. What is the sum of the market value of NWC and market value of fixed assets

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