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 1 year ago

Klingon Widget Inc. purchased new cloaking machinery three years ago for 6 million dollars. The machinery...

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Klingon Cruisers, Inc., purchased new cloaking machinery four years ago for $4 million. The machinery can be sold to the Romulans today for $3.6 million. Klingon's current balance sheet shows net fixed assets of $2 million, current liabilities of $700,000, and net working capital of $216,000. If all the current accounts were liquidated today, the company would receive $1.03 million cash. a. What is the book value of Klingon's assets today? (Do not round intermediate calculations and enter your answer...

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Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $10 million. The machinery can be sold to the Romulans today for $9.1 million. Klingon's current balance sheet shows net fixed assets of $8 million, current liabilities of $780,000, and net working capital of $220,000. If all the current accounts were liquidated today, the company would receive $1.02 million cash. a. What is the book value of Klingon's assets today? (Do not round intermediate calculations and enter your answer...

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Several years ago Polar Inc. acquired an 80% interest in Icecap Co. The book values of...

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