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Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost

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Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,150,000 that is currently appraised at $1,350,000. The equipment originally cost $630,000 and is currently valued at $377,000. The inventory is valued on the balance sheet at $320,000 but has a market value of only one-half of that amount. The owner expects to collect 99 percent of the $180,200 in accounts receivable. The firm has $11.600 in cash and owes a total of $1,350,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm? $1,067,198 $1,387,198 $726,998 $537.000 $886,998

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