Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Klingon Widgets Inc purchased new cloaking machinery three years ago for $5.6 million

Klingon Widgets Inc purchased new cloaking machinery three years ago for $5.6 million

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.6 million. The machinery can be sold to the Romulans today for $7.8 million. Klingon’s current balance sheet shows net fixed assets of $4.4 million, current liabilities of $870,000, and net working capital of $146,000. If all the current accounts were liquidated today, the company would receive $985,000 cash.

What is the book value of Klingon’s total assets today? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Book value of total assets            $

What is the sum of the NWC and market value of fixed assets? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Sum            $

May 19 2018 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions