Muffin’s Masonry, Inc.’s balance sheet lists net fixed assets as $23 million. The fixed assets could currently be sold for $37 million. Muffin’s current balance sheet shows current liabilities of $10.0 million and net working capital of $9.0 million. If all the current accounts were liquidated today, the company would receive $7.70 million cash after paying the $10.0 million in current liabilities. What is the book value of Muffin’s Masonry’s assets today and the market value of these assets? (Enter your answer in millions of dollars rounded to 2 decimal places.)

Answer rating: 100% (QA)

Current assets book value Current liabilities Net working capital 10 Million 9 Mil... View the full answer