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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $4.6 million. Klingon’s current balance sheet shows net fixed assets of $3.15 million, current liabilities of $830,000, and net working capital of $210,000. If all the current accounts were liquidated today, the company would receive $950,000 in cash. What is the sum of the market value of NWC and the market value of fixed assets? |
Given that if all the current accounts were liquidated today, the company would receive $ 950000 in cash. This amount is the market value of NWC. And, Sale value of machinery ( $ 4.6 million or $ 4600000 ) is the market value of fixed assets.
So,
Sum = Market value of NWC + Market value of fixed assets
= $ 950000 + $ 4600000 = $ 5550000
Thus, the sum of the market value of NWC and the market value of fixed assets is $ 5550000.
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can...
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