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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 were liquidated today, the company would receive $1.11 million cash. |
| What is the book value of Klingon’s total assets today? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
| Book value of total assets | $ |
| What is the market value? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
| Market value of total assets | $ |
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