What is the book value of muffin masonry assets

Assignment Help Finance Basics
Reference no: EM132680455

Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $28 million. The fixed assets could currently be sold for $47 million. Muffin's current balance sheet shows current liabilities of $12.5 million and net working capital of $11.5 million. If all the current accounts were liquidated today, the company would receive $7.95 million cash after paying the $12.5 million in current liabilities.

What is the book value of Muffin's Masonry's assets today and the market value of these assets?

Reference no: EM132680455

Questions Cloud

Identify and describe the approach to csr : Discuss the extent to which advances in information and communication technologies could help and hinder progress towards the UN Sustainable Development Goals
Provide the journal entries necessary to account : Provide the journal entries necessary to account for all the above transactions and events up to 1 July 2023, in accordance with AASB 116
Evaluate the distribution of finance : Evaluate the distribution of finance in support of organisational activities.
Frequent voters share common characteristics : Individuals who are frequent voters share common characteristics, regardless of the nation in which they may reside.
What is the book value of muffin masonry assets : Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $28 million. The fixed assets could currently be sold for $47 million.
Why the production manager actual costs exceeded : Why the production manager's actual costs exceeded the amount estimated in the static budget. Should the production division be disappointed with the results
Calculate casello total stockholder equity : Casello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $435,200, fixed assets of $550,800, current liabilities of $416,600,
Calculate the 2018 taxes reported on the income statement : The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $538,000, interest expense = $63,000, and net income = $435,000
What is the average tax rate-oakdale fashions : Oakdale Fashions, Inc. had $245,000 in 2018 taxable income. Using the tax schedule in Table 2.3 to calculate the company's 2018 income taxes.

Reviews

Write a Review

Finance Basics Questions & Answers

  Demonstrates the use of three long-term funding sources

Provide a sport or sport related business scenario that demonstrates the use of three long-term funding sources. How would you prioritize the use of sources?

  Evaluate each company price to book value

Evaluate each company's Price to Book Value multiple in the context of their own ROE. Evaluate the Price to Book Value multiples of each company relative.

  What other swap options are there

You are unable to change the maturity structure of the portfolio (i.e. you cannot sell long-term bonds and buy short-term bonds). What other swap options are there?

  Irrelevance of capital structure in perfect capital markets

The irrelevance of capital structure in perfect capital markets

  How do inflation and taxes affect earnings on savings

Describe actions that you might consider to improve your savings attitude and habits.

  What is the stocks value

Ezzell Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently yields 10%, and its par value is $100.

  Explain the elements of a behaviorally sound budget culture

Your co-worker wants to know more about the ins and outs of budgeting. In 3-5 paragraphs, describe the role of budgeting in businesses and the costs and benefits associated with it. Further, explain the elements of a behaviorally sound budget cult..

  What is the neighbor total debt

A neighbor spent $25,000 a year for 10 years and had an annual income of $20,000 during this period. What is the neighbor's total debt?

  Standard deviation of the portfolio

The volatility of HD and WMT are 40% and 30%, respectively, and the correlation between HD and WMT is -0.30.

  How would a relatively high home inflation rate affect home

a. How would a relatively high home inflation rate affect the home country’s current account, other things being equal?b. Is a negative current account harmful to a country? Discuss.

  Capital budgeting decisions

1. The goal of the capital budgeting decisions is to select capital projects that will decrease the value of the firm.2. Capital budgeting decisions, once made, are not easy to reverse because of the huge investments involved.

  Suppose that the payoff from an investment depends upon

suppose that the payoff from an investment depends upon market conditions. a great market has payoff of 200000 a normal

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd