Book Value and Market Value of Assets Assignment
February 17th, 2020
Muffin’s Masonry, Inc.’s balance sheet lists net fixed assets as $34 million. The fixed assets could currently be sold for $59 million. Muffin’s current balance sheet shows current liabilities of $15.5 million and net working capital of $14.5 million. If all the current accounts were liquidated today, the company would receive $8.25 million cash after paying the $15.5 million in current liabilities.
What is the book value of Muffin’s Masonry’s assets today and the market value of these assets? (Enter your answer in millions of dollars rounded to 2 decimal places.)
BOOK VALUE MARKET VALUE (in millions of dollars) Current assets Fixed assets $ $ Total 0.00 0.00. Get Finance homework help today