Muffins Masonry, Inc.s balance sheet lists net fixed assets as $31 million. The fixed assets...
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Muffins Masonry, Inc.s balance sheet lists net fixed assets as $31 million. The fixed assets could currently be sold for $53 million. Muffins current balance sheet shows current liabilities of $14.0 million and net working capital of $13.0 million. If all the current accounts were liquidated today, the company would receive $8.10 million cash after paying the $14.0 million in current liabilities.
What is the book value of Muffins Masonrys assets today and the market value of these assets? (Enter your answer in millions of dollars rounded to 2 decimal places.)
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