Business, 22.02.2020 00:58 NotYourStudent

Muffin’s Masonry, Inc.’s, balance sheet lists net fixed assets as $18.00 million. The fixed assets could currently be sold for $27.00 million. Muffin’s current balance sheet shows current liabilities of $7.50 million and net working capital of $6.50 million. If all the current accounts were liquidated today, the company would receive $7.45 million cash after paying the $7.50 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 answers in millions of dollars rounded to 2 decimal places.)

BOOK VALUE MARKET VALUE

Current assets $ m $ m

Fixed assets m m

Total $ m $ m

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Muffin’s Masonry, Inc.’s, balance sheet lists net fixed assets as $18.00 million. The fixed assets c...

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