Business, 16.03.2022 14:00 Maddifalls1562

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.7 million. The machinery can be sold to the Romulans today for $6.9 million. Klingon’s current balance sheet shows net fixed assets of $3.5 million, current liabilities of $780,000, and net working capital of $137,000. If all the current accounts were liquidated today, the company would receive $895,000 cash. Required:
a. What is the book value of Klingon’s total assets today? (
b. What is the sum of the market value of NWC and the market value of fixed assets?

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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.7 million. The machin...

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