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Klingon Widgets, Incorporated, purchased new cloaking machinery three years ago for $7.4 million. The machinery can be sold to the Romulans today for $4.3 million.
Klingon Widgets, Incorporated, purchased new cloaking machinery three years ago for $7.4 million. The machinery can be sold to the Romulans today for $4.3 million. Klingon's current balance sheet shows net fixed assets of $2.85 million, current liabilities of $2.4 million, and net working capital of $550,000. If all the current assets and current liabilties were liquidated today, the company would receive $1.2 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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