Question
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.2 million. The machinery can be sold to the Romulans today for $7.4 million.
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.2 million. The machinery can be sold to the Romulans today for $7.4 million. Klingons current balance sheet shows net fixed assets of $4.0 million, current liabilities of $830,000, and net working capital of $142,000. If all the current assets were liquidated today, the company would receive $945,000 cash. (Enter your answer as directed, but do not round intermediate calculations.) |
What is the book value of Klingons total assets today? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)
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