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

Problem 1PS

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Lichen Plc owns a machine that has a carrying value amount of $85,000 at the year-end of 31 March 2023. Its market value is $78,000 and costs of disposal are estimated at $2,500. A new machine would cost $150,000. Lichen Plc expects it to produce net cash flows of $30,000 per annum for the next three years. The cost of capital of Lichen Plc is 8%. Required: What is the impairment loss on the machine to be recognised in the financial statements at 31 March 2023 (Enter your answer to the nearest whole $).
(Liquidity Analysis) The King Carpet Company has $2,860,000 in cash and a total of $11,910,000 in current assets. down to $1,170,000 by paying $535,000 in cash to expand the firm's truck fleet and using $1,155,000 in cash to retire The new current ratio is (Round to one decimal place.) The firm's current liabilities equal $5,760,000 such that the firm's current ratio equals 2.1. The company's managers want to reduce the firm's cash holdings short-term note. If they carry this plan through, what will happen to the firm's current ratio? C
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Subject:- accounting
Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans today for $7.4 million. Klingon's balance sheet shows net fixed assets of $6 million and current assets of $900,000. If all of the firm's current assets were sold today, the company would receive $1.2 million cash. The book value of Klingon's assets is and their market value is .Enter your answers in millions with one decimal place.
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