Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.6 million. The machinery can be sold to the Romulans today for $7.8 million. Klingon’s current balance sheet shows net fixed assets of $4.4 million, current liabilities of $870,000, and net working capital of $146,000. If all the current accounts were liquidated today, the company would receive $985,000 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.)
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.)
1: Book value
Current assets = Current liabilities + NWC
= 146000+870000
=1016000
Book value of total assets = Net fixed assets + current assets
= 4400000+1016000
=$5416,000
2: Market value of fixed assets = 7800,000
MV of working capital = MV of current assets- current liabilities
=985000-870000 = 115000
MV of Total assets = 7800000+115000 =$7915,000
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.6 million. The machinery can...
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