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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.3 million. The machinery can be sold to the Romulans today for $7.5 million.
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.3 million. The machinery can be sold to the Romulans today for $7.5 million. Klingons current balance sheet shows net fixed assets of $4.1 million, current liabilities of $840,000, and net working capital of $143,000. If all the current accounts were liquidated today, the company would receive $955,000 cash. What is the book value of Klingons total assets today?
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