Question: URGENT PLEASE SOLVE and explain steps i always up vote thank you Muffin's Masonry, Incorporated's balance sheet lists net fixed assets as $16 million. The
Muffin's Masonry, Incorporated's balance sheet lists net fixed assets as $16 million. The fixed assets could currently be sold for $17 million. Muffin's current balance sheet shows current liabilities of $5.5 million and net working capital of $6.5 million. If all the current accounts were liquidated today, the company would receive $10.25 million cash after paying $5.5 million in liabilities. What is the book value of Muffin's Masonry's assets today? What is the market value of these assets? Multiple Choice Book Value: $28 million; Market Value $32.75 million Book Value: $32 million, Market Value: $42.25 million Book Value: $32 million, Market Value: $32.75 million Book Value: $28 million, Market Value: $42.25 million
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