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Krass upholstery purchased all of its fixed assets three years ago for $4 million. These assets can be sold today for $2 million. The current
Krass upholstery purchased all of its fixed assets three years ago for $4 million. These assets can be sold today for $2 million. The current balance sheet shows net assets of $2500000 current liabilities of $1375000 and net working capital of $725000. If all current assets were liquidated today the company would receive $1.8 million in cash. The book value of the total assets today is ___ and the market value of those assets is___
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