Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $31 million. The fixed assets could currently be sold for $53 million. Muffin's current balance sheet shows current liabilities of $14.0 million and net working capital of $13.0 million. If all the current accounts were liquidated today, the company would receive $8.10 million cash after paying the $14.0 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 answer In mllllons of dollars rounded to 2 declmal places.) BOOK VALUE MARKET VALUE (in millions of dollars) Current assets Fixed assets Total 24 0.00 0.00
Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $31 million. The fixed assets could currently be sold for $53 million. Muffin's current balance sheet shows current liabilities of $14.0 million and net working capital of $13.0 million. If all the current accounts were liquidated today, the company would receive $8.10 million cash after paying the $14.0 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 answer In mllllons of dollars rounded to 2 declmal places.) BOOK VALUE MARKET VALUE (in millions of dollars) Current assets Fixed assets Total 24 0.00 0.00
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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Transcribed Image Text:Muffin's Masonry, Inc.s balance sheet lists net fixed assets as $31 million, The fixed assets could currently be sold for $53 million.
Muffin's current balance sheet shows current liabilities of $14.0 million and net working capital of $13.0 million. If all the current
accounts were liquidated today, the company would receive $8.10 million cash after paying the $14.0 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 answer In mlllons of
dollars rounded to 2 declmal places.)
BOOK VALUE
MARKET VALUE
(in millions of dollars)
Current assets
Fixed assets
Total
0,00
0.00
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