Business, 16.06.2020 18:57 laciekersey4568

Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romulans today for $18 million. Klingon's current balance sheet shows net fixed assets of $15.5 million, current liabilities of $700,000, and net working capital of $226,000. If all the current accounts were liquidated today, the company would receive $1.08 million cash. Required:
a. What is the book value of Klingon's assets today?
b. What is the market value?

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Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machine...

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