Roscoe\'s fixed assets were purchased three years ago for $1.8 million. These as

Question

Roscoe's fixed assets were purchased three years ago for $1.8 million. These assets can be sold to Stewart's today for $1.2 million. Roscoe's current balance sheet shows net fixed assets of $960, 000, current liabilities of $348,000, and net working capital of $121,000. If all the current assets were liquidated today, the company would receive $518,000 cash. The book value of the firm's assets today is_______and the market value is____. $1,429,000; $1,308,000 $1,307,000; $1,429,000 $1,081,000; $1,308,000 $1,081,000; $1,718,000 $1,429,000; $1,718,000

Explanation / Answer

Current assets $     469,000 348000+121000 Book value of assets $ 1,429,000 469000+960000 Market value of assets $ 1,718,000 1200000+518000 Hence, last option is correct option.

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