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What is the book value of kimbo total assets today

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Kimbo Widgets Inc. purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Rimalons today for $5.3 million. Kimbo's current statement of financial position shows net fixed assets of $3.2 million, current liabilities of $0.90 million, and net working capital of $210,000. If all the current assets were liquidated today, the company would receive $1.25 million cash. (Do not round intermediate calculations. Enter the answers in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.)

Problem 1: What is the book value of Kimbo's total assets today?

Problem 2: What is the market value?

Reference no: EM133012298

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