Business, 18.03.2020 02:25 arnold2619

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.0 million. The machinery can be sold to the Romulans today for $7.2 million. Klingon’s current balance sheet shows net fixed assets of $3.8 million, current liabilities of $810,000, and net working capital of $140,000. If all the current accounts were liquidated today, the company would receive $925,000 cash.

What is the book value of Klingon’s total assets today?

What is the sum of the NWC and market value of fixed assets?

Answers: 1

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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.0 million. The machin...

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