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Problem 2-17 Market Value versus Book Value (LG2-2) Muffin's Masonry, Inc. 's, balance sheet lists net fixed assets as $25.00 million. The fixed assets could
Problem 2-17 Market Value versus Book Value (LG2-2) Muffin's Masonry, Inc. 's, balance sheet lists net fixed assets as $25.00 million. The fixed assets could currently be sold for $41.00 million. Muffin's current balance sheet shows current liabilities of $11.00 million and net working capital of $10.00 million. If all the current accounts were liquidated today, the company would receive $7.80 million cash after paying the $11.00 million in current liabilities. What is the book value of Muffin's Masonry's assets today and the market value of these assets? (Enter your answers in millions of dollars rounded to 2 decimal places.) BOOK VALUE MARKET VALUE Current assets Fixed assets Total
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