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imoyInc., purchased their only fixed asset, a widgetmachine, four years ago for $7.4 million. The same machinery can be sold today toShatner Inc.for...
imoy Inc., purchased their only fixed asset, a widget machine, four years ago for $7.4 million. The same machinery can be sold today to Shatner Inc. for $4.6 million. Nimoy's current balance sheet shows net fixed assets of $3.6 million and current liabilities of $1.9 million. If all the current assets were liquidated today, the company would receive $1.8 million cash.
Use the balance sheet identity to determine the current market value of Nimoy's total liabilities (current & long-term) given the market value of equity is $4,800,000.