Question

8) Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.3 million. The machinery...

8) Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.3 million. The machinery can be sold to the Romulans today for $6.5 million. Klingon’s current balance sheet shows net fixed assets of $3.1 million, current liabilities of $740,000, and net working capital of $133,000. If all the current accounts were liquidated today, the company would receive $855,000 cash. a. What is the book value of Klingon’s total assets today? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)

I need help finding the sum of market value of NWC and fixed assets, if possible please provide equations.

b) Sum of market value of NWC and fixed assets:

a. Book value of total assets $3,973,000
b. Sum of market value of NWC and fixed assets $3,215,000 incorrect

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Klingon Widgets, Inc., purchased new cloaking machinery five years ago for $5 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery five years ago for $5 million. The machinery can be sold to the Romulans today for $4.5 million. Klingon’s current balance sheet shows net fixed assets of $3.5 million, current liabilities of $750,000, and net working capital of $229,000. If all the current assets and current liabilities were liquidated today, the company would receive $1.11 million cash. a. What is the book value of Klingon’s total assets today? (Enter your answer in dollars,...
Klingon Widgets, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can be sold to the Romulans today for $14 million. Klingon’s current balance sheet shows net fixed assets of $10 million, current liabilities of $870,000, and net working capital of $250,000. If all the current assets and current liabilities were liquidated today, the company would receive $1.17 million cash. a. What is the book value of Klingon’s total assets today? (Enter your answer in dollars,...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $12 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $12 million. The machinery can be sold to the Romulans today for $11 million. Klingon’s current balance sheet shows net fixed assets of $9 million, current liabilities of $800,000, and net working capital of $221,000. 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 total assets today? b.What is the sum of the market value...
Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can...
Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can be sold to the Romulans today for $14.3 million. Klingon's current balance sheet shows net fixed assets of $12 million, current liabilities of $840,000, and net working capital of $223,000. If all the current accounts were liquidated today, the company would receive $1.05 million cash. What is the book value of Klingon's total assets today? (Do not round intermediate calculations. Enter your answer in...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.9 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.9 million. The machinery can be sold to the Romulans today for $8.1 million. Klingon’s current balance sheet shows net fixed assets of $4.7 million, current liabilities of $900,000, and net working capital of $149,000. If all the current accounts were liquidated today, the company would receive $1,015,000 cash. What is the book value of total assets today? And, What is the sum of the market value of NWC...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $7.6 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $7.6 million. The machinery can be sold to the Romulans today for $4.45 million. Klingon's current balance sheet shows net fixed assets of $3.25 million, current liabilities of $1.6 million, and net working capital of $520,000. If all the current assets and current liabilties were liquidated today, the company would receive $2.05 million cash. a. What is the book value of Klingon's total assets today? b. What is the...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.3 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.3 million. The machinery can be sold to the Romulans today for $4.3 million. Klingon's current balance sheet shows net fixed assets of $2.8 million, current liabilities of $1.6 million, and net working capital of $480,000. If all the current assets and current liabilties were liquidated today, the company would receive $2 million cash. a. What is the book value of Klingon's total assets today? b. What is the...
10. Klingon Widgets, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery...
10. Klingon Widgets, 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 assets were liquidated today, the company would receive $1.08 million cash. a. What is the book value of Klingon’s total assets today? b. What is the market value?
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.7 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.7 million. The machinery can be sold to the Romulans today for $4.1 million. Klingon's current balance sheet shows net fixed assets of $3.35 million, current liabilities of $1.6 million, and net working capital of $560,000. If all the current assets were liquidated today, the company would receive $1.35 million cash. Required: (a) What is the book value of Klingon's assets today? (b) What is the market value?
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.1 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.1 million. The machinery can be sold to the Romulans today for $4 million. Klingon's current balance sheet shows net fixed assets of $3.1 million, current liabilities of $2.4 million, and net working capital of $460,000. If all the current assets were liquidated today, the company would receive $1.25 million cash. Required: (a) What is the book value of Klingon's assets today? (b) What is the market value?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT