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Question 1 Sam owns The Train Store which he is trying to sell so that he can retire and travel. The Train Store owns the
Question 1 Sam owns The Train Store which he is trying to sell so that he can retire and travel. The Train Store owns the building in which it is located. This building was built at a cost of $427,000 and is currently appraised at $575,000. The display counters and fixtures originally cost $87,000 and are currently valued at $49,000. The inventory is valued on the statement of financial position at $289,000 and has a retail market value equal to 1.4 times its cost. Sam expects the store to collect 97 % of the $48,041 in accounts receivable. The firm has $11,200 in cash and has total debt of $167,400. What is the market value of this firm? Meraw. It Limited. All Rights
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