Question
Muffins Masonry, Inc.s, balance sheet lists net fixed assets as $26 million. The fixed assets could currently be sold for $43 million. Muffins current balance
Muffins Masonry, Inc.s, balance sheet lists net fixed assets as $26 million. The fixed assets could currently be sold for $43 million. Muffins current balance sheet shows current liabilities of $11.5 million and net working capital of $10.5 million. If all the current accounts were liquidated today, the company would receive $7.85 million cash after paying the $11.5 million in current liabilities. What is the book value of Muffins Masonrys assets today and the market value of these assets? (Enter your answer in millions of dollars rounded to 2 decimal places.)
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