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Muffin’s Masonry, Inc.’s balance sheet lists net fixed assets as $17 million. The fixed assets could...

Muffin’s Masonry, Inc.’s balance sheet lists net fixed assets as $17 million. The fixed assets could currently be sold for $25 million. Muffin’s current balance sheet shows current liabilities of $7.0 million and net working capital of $6.0 million. If all the current accounts were liquidated today, the company would receive $7.40 million cash after paying the $7.0 million in current liabilities.

What is the book value of Muffin’s Masonry’s assets today and the market value of these assets?

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(& in millions) Muffins Masonry.lue Date : Page: Assets Book Value Market value Net fixed Assets $25 (given in question) Curte our efforts 1 са nswer Salution FOR ANY DOUBT OR QUERY COMMENT BELOW. THANK - you

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