Answered You can hire a professional tutor to get the answer.
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.
A) 1,800,000
B) 6,400,000
C) 7,010,000
D) 9,810,000
E) 1,600,000
