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ter 02 Problem 2-17 Market Value versus Book Value (LG2-2) Masonry, Inc's balance sheet lists net fixed assets as $23 million. Muffin's current balance sheet
ter 02 Problem 2-17 Market Value versus Book Value (LG2-2) Masonry, Inc's balance sheet lists net fixed assets as $23 million. Muffin's current balance sheet shows current liabilities of $10.0 million and net working capital of $9.0 million. Ifall thl c rrent accounts were liquidated today, the company would receive $7.70 million cash after paying the $10.0 milion In current liabilities. The fixed assets could currently be sold for $37 million. What is the book value of Muffin's Masonry's assets today and the market value of these assets? (Enter your answer In milions of dollars rounded to 2 decimal places.) ok BOOK MARKET VALUE (in millions of dollars)
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