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Klingon Widgets, Incorporated, purchased new cloaking machinery three years ago for $7.7 million. The machinery can be sold to the Romulans today for $4.85 million.

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Klingon Widgets, Incorporated, purchased new cloaking machinery three years ago for $7.7 million. The machinery can be sold to the Romulans today for $4.85 million. Klingon's current balance sheet shows net fixed assets of $3.4 million, current liabilities of $1.6 million, and net working capital of $530,000. If all the current assets and current liabilties were liquidated today, the company would receive $1.3 million cash. a. What is the book value of Klingon's total assets today? Book value of total assets $5,530,000 $6,980,000 $9,830,000 $3,400,000 b. What is the sum of the market value of NWC and market value of fixed assets? Sum of market value NWC and market value of fixed assets $6,150,000

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