Kimbo Widgets Inc. purchased new cloaking machinery five years ago for $10 million. The machinery...
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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. Kimbos 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 Kimbos total assets today? Total asset book value $
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