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What is the book value of muffin''s masonry assets today

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Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $19 million. The fixed assets could currently be sold for $29 million. Muffin's current balance sheet shows current liabilities of $8.0 million and net working capital of $7.0 million. If all the current accounts were liquidated today, the company would receive $7.50 million cash after paying the $8.0 million in current liabilities.

Problem 1: What is the book value of Muffin's Masonry's assets today and the market value of these assets?

Reference no: EM132828474

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