Muffin's Masonry Incorporated'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? Note: Enter your answers in millions of dollars rounded to 2 decimal places. (i.e., Enter 5,500,000 as 5.50.) Current assets Fixed assets Total BOOK VALUE MARKET VALUE (in millions of dollars) $ 0.00 $ 0.00
Muffin's Masonry Incorporated'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? Note: Enter your answers in millions of dollars rounded to 2 decimal places. (i.e., Enter 5,500,000 as 5.50.) Current assets Fixed assets Total BOOK VALUE MARKET VALUE (in millions of dollars) $ 0.00 $ 0.00
Chapter4: Financial Planning And Forecasting
Section: Chapter Questions
Problem 9P
Related questions
Question
![Muffin's Masonry Incorporated'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?
Note: Enter your answers in millions of dollars rounded to 2 decimal places. (i.e., Enter 5,500,000 as 5.50.)
Current assets
Fixed assets
Total
BOOK VALUE MARKET VALUE
(in millions of dollars)
$
0.00 $
0.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61729c93-a341-4714-b8e2-a5b5066c614a%2Fefd3ce28-dd93-4ded-9fe8-8ef03fab76cc%2Foipy4vk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Muffin's Masonry Incorporated'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?
Note: Enter your answers in millions of dollars rounded to 2 decimal places. (i.e., Enter 5,500,000 as 5.50.)
Current assets
Fixed assets
Total
BOOK VALUE MARKET VALUE
(in millions of dollars)
$
0.00 $
0.00
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