3). Market values and book values-Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for$9.6...

3). Market values and book values-Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for$9.6 million. The machinery can be sold to the Romanulans today for $6.4 million. Klingon's current balance sheet shows net fixed assets of $4.9 million, current liabilities of $2.2 million, and net workimg capital of $850,000. If all current accounts were liquidated today, the company would receive $2.7 million cash. What is the book value of Klingon's assets today? what is the sum of NWC and market value of fixed assets?

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jeff jeffy answered 7 months ago

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