Klingon Widgets, Inc., purchased new cloaking machinery five years ago, for $5 million. The machinery can be sold to the Romulus 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 accounts were liquidated today, the company would receive $1.11 million cash.
What it the book value of Klingon's total assets today? (Enter your answer in dollars, not millions of dollars, e.g., 1, 234.567.) Book value of total assets
What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g.. 1, 234, 567.) Sum of the market value of NWC and market value of fixed assets