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MV & BV Judson Inc purchased new defense cloaking machinery three years ago for $6 million. The machinery can be sold to the Broome Company
MV & BV Judson Inc purchased new defense cloaking machinery three years ago for $6 million. The machinery can be sold to the Broome Company for $5.4 million. Judsons current balance sheet shows net fixed assets of $3.5 million, current liabilities of $945,000, and net working capital of $275,000. IF all the current accounts were liquidated today, the company would receive $1.25 million in cash. What is the book value of Judson Incs total assets today? (Instruction: In excel, please calculate your answer.)
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