Question: Problem 2-17 Market Value versus Book Value (LG2-2) points Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $21 million. The fixed assets could

Problem 2-17 Market Value versus Book Value (LG2-2) points Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $21 million. The fixed assets could currently be sold for $33 million, Muffin's current balance sheet shows current liabilities of $9.0 million and networking capital of $8.0 million. If all the current accounts were liquidated today, the company would receive $7.60 million cash after paying the $9.0 million in current liabilities. Skipped 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.) BOOK VALUE MARKET VALUE (in millions of dollars) Current assets Fixed assets Total $ 0.00 $ 0.00 References

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