Question

Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $7 million. The machinery can be sold to the Romulans today for $5.2 million. Klingon's current balance sheet shows net fixed assets of $4.5 million, current liabilities of $1.8 million, and net working capital of $750,000. If all the current assets were liquidated today, the company would receive $2.7 million cash. What is the book value of Klingon's assets today? What is the market value?


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  • CreatedOctober 01, 2015
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