Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.7 million. The machinery can be sold to the Romulans today for $6.9 million. Klingon’s current balance sheet shows net fixed assets of $3.5 million, current liabilities of $780,000, and net working capital of $137,000. If all the current accounts were liquidated today, the company would receive $895,000 cash.
What is the book value of Klingon’s total assets today? (Enter
your answer in dollars, not millions of dollars, e.g., 1,234,567.
Do not round intermediate calculations and round your answer to the
nearest whole number, e.g., 32.)
Book value of total assets? $______
What is the sum of the market value of NWC and market value of
fixed assets? (Enter your answer in dollars, not millions of
dollars, e.g., 1,234,567. Do not round intermediate calculations
and round your answer to the nearest whole number, e.g., 32.)
Sum? $_____
1.book value of total assets = $4,417,000.
working:
current assets =current liabilities + NWC
=>780,000+137,000
=>917,000.
book value of total assets = book value of fixed assets + current assets
=>3,500,000+917,000
=>4,417,000.
2.sum of market value of NWC + market value of fixed assets
=>6,900,000+895,000
=>$7,795,000.
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.7 million. The machinery can...
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