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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 $26 million. The fixed assets could currently

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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 $26 million. The fixed assets could currently be sold for $43 million. Muffin's 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 Muffin's Masonry's assets today and the market value of these assets? (Enter your answer in millions of dollars rounded to 2 decimal places.) ces MARKET VALUE BOOK VALUE (in millions of dollars) 19.35 22.00 $ Current assets Fixed assets 22.00 $ 19.35 Total

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