Olive, Inc., purchased new cloaking equipment at $7 million three years ago. The machinery can be sold to the Romulans t
Posted: Fri Jul 01, 2022 8:26 am
Olive, Inc., purchased new cloaking equipment at $7 millionthree years ago. The machinery can be sold to the Romulans todayfor $3.2 million. The current balance statement forOlive reveals $4,000,000 in net fixed assets, $2,200,000 incurrent liabilities, and $900,000 in net working capital. If thecorporation liquidated all of its present assets today, it wouldcollect $2.8 million in cash. What is Olive's current asset bookvalue? What is the retail price?