Question: Problem 2-17 Market Value versus Book Value (LG2-2) Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $33 million. The fixed assets could

Problem 2-17 Market Value versus Book Value (LG2-2) Muffin's Masonry, Inc.'s balance

Problem 2-17 Market Value versus Book Value (LG2-2) Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $33 million. The fixed assets could currently be sold for $57 million. Muffin's current balance sheet shows current liabilities of $15.0 million and net working capital of $14.0 million. If all the current accounts were liquidated today, the company would receive $8.20 million cash after paying the $15.0 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.) Current assets Fixed assets Total BOOK VALUE MARKET VALUE (in millions of dollars)

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