Finance 2nd edition

Finance 2nd edition

Muffin’s Masonry, Inc.’s, balance sheet lists net fixed assets as $21.00 million. The fixed assets could currently be sold for $33.00 million. Muffin’s current
balance sheet shows current liabilities of $9.00 million and net working capital of $8.00 million. If all the current accounts were liquidated today, the

Finance 2nd edition

company would receive $7.60 million cash after paying the $9.00 million in current liabilities.

What is the book value of Muffin’s Masonry’s assets today and the market value of these assets?

 

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