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Part $1$

TMZTMZ$,$

$$Inc$.,$ dominates the$$ snack$-$food industry with its Salty Chip brand. Assume that

TMZTMZ

purchased

Valley ChipsValley$$Chips

Company for

$ $5\mathrm{.}3$$$5\mathrm{.}3$

million cash. The market value of

Valley ChipsValley$$Chips$\text{'}$

assets is

$ $9$$$9$

$$million$,$ and

Valley ChipsValley$$Chips

has liabilities with a market value of

$ $6\mathrm{.}0$$$6\mathrm{.}0$

million.