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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 $5.2 million.
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $5.2 million. Klingons current balance sheet shows net fixed assets of $4 million, current liabilities of $770,000, and net working capital of $245,000. If all the current accounts were liquidated today, the company would receive $1.12 million cash. |
What is the book value of Klingons total assets today? |
What is the sum of the market value of NWC and the market value of fixed assets?(Do not round intermediate calculations. ) |
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