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Klingon Cruisers, Inc., purchased new cloaking machinery four years ago for $15 million. The machinery can be sold to the Romulans today for $14.2 million. Klingon?s current balance sheet shows net fixed assets of $12 million, current liabilities of $880,000. and net working capital of $225,000. If all the current assets were liquidated today, the company would receive $1.07 million cash. What is the book value of Klingon?s assets today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) Book value of total assets $ What is the market value? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) Market value of total assets $Step by Step Solution
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