Market Values and Book Values Klingon Widgets, Inc., purchased new cloaking machinery three years ago...
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Market Values and Book Values Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $5.4 million. Klingons current balance sheet shows net fixed assets of $3.5 million, current liabilities of $945,000, and net working capital of $275,000. If the current assets and current liabilities were liquidated today, the company would receive a total of $1.25 million cash. What is the book value of Klingons total assets today? What is the sum of the market value of NWC and the market value of fixed assets?
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