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Kimbo Widgets Inc. purchased new cloaking machinery five years ago for $10 million. The machinery can be sold to the Rimalons today for $9.4 million. Kimbo’s current statement of financial position shows net fixed assets of $8.0 million, current liabilities of $0.81 million, and net working capital of $380,000. If all the current assets were liquidated today, the company would receive $1.20 million cash. (Do not round intermediate calculations. Enter the answers in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.) What is the book value of Kimbo’s total assets today? Total asset book value $

Kimbo Widgets Inc. purchased new cloaking machinery five years ago for $10 million. The machinery can be sold to the Rimalons today for $9.4 million. Kimbo’s current statement of financial position shows net fixed assets of $8.0 million, current liabilities of $0.81 million, and net working capital of $380,000. If all the current assets were liquidated today, the company would receive $1.20 million cash. (Do not round intermediate calculations. Enter the answers in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.) What is the book value of Kimbo’s total assets today? Total asset book value $

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Kimbo Widgets Inc. purchased new cloaking machinery five years ago for $10 million. The machinery can be sold to the Rimalons today for $9.4 million. Kimbo’s current statement of financial position shows net fixed assets of $8.0 million, current liabilities of $0.81 million, and net working capital of $380,000. If all the current assets were liquidated today, the company would receive $1.20 million cash. (Do not round intermediate calculations. Enter the answers in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.) What is the book value of Kimbo’s total assets today? Total asset book value $

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