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Problem 2-5 Market Values and Book Values (LO 1 Klingon Widgets, Inc purchased new cloaking machinery three years ago for $5 5 million. The machinery

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Problem 2-5 Market Values and Book Values (LO 1 Klingon Widgets, Inc purchased new cloaking machinery three years ago for $5 5 million. The machinery can be sold to the Romulans today for $7.7 million Klingon's current balance sheet shows net fixed assets of $4,3 million current liabilities of $860,000, and networking capital of $145.000. If all the current assets were liquidated today, the company would receive $975.000 cash (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1: What is the book value of Klingon's total assets today? (Enter your answer in dollars, not millions of dollars, 1.0, 1.234.567.) Total asset book value Requirement 2: What is the market value of Klingon's total assets? (Enter your answer in dollars, not millions of dollars, ile. 1.234,5674) Total asset market value

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