- Klingon Widgets Inc Purchased New Cloaking Machinery Three Years Ago For 6 Million The Machinery Can Be Sold To The 1 (61.46 KiB) Viewed 67 times
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. a. What is the book value of Klingon's total assets today? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e.g., 32.) b. What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e.g., 32.) a. Book value of total assets Sum of market value of NWC and fixed assets 4,190,000 b.