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Muffin's Masonry Incorporated's balance sheet lists net fixed assets as $15 million. The fixed assets could currently be sold for $21 million. Muffin's current
Muffin's Masonry Incorporated's balance sheet lists net fixed assets as $15 million. The fixed assets could currently be sold for $21 million. Muffin's current balance sheet shows current liabilities of $6.0 million and net working capital of $5.0 million. If all the current accounts were liquidated today, the company would receive $7.30 million cash after paying the $6.0 million in current liabilities. What is the book value of Muffin's Masonry's assets today and the market value of these assets? Note: Enter your answers in millions of dollars rounded to 2 decimal places. (i.e., Enter 5,500,000 as 5.50.) Current assets Fixed assets Total BOOK VALUE MARKET VALUE (in millions of dollars) 0.00 $ 0.00
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