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Three years ago, Trendy Fashion Inc. purchased new machines for $6 million. These machines can be sold today for $3.6 million. Trendy Fashion's statement of
Three years ago, Trendy Fashion Inc. purchased new machines for $6 million. These machines can be sold today for $3.6 million. Trendy Fashion's statement of financial position shows net fixed assets of $2.7 million, current liabilities of $800,000, and net working capital of $250,000. If all of Trendy Fashion Inc's current assets were liquidated today, the company would receive $1,100,000 in cash. How much higher is the market value of the company's total assets compared to the book value of its total assets
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