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Calculate the book value of the firm assets

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Problem 1: The Jeffries Co purchased a new machine 8 years ago at $30 million. The machine can be sold for $12 million today. The firm's current balance sheet shows net fixed assets of $6 million, current liabilities of $5 million, and a net-working capital of $1.2 million. If all the current assets were liquidated today, the company would receive $4.75 million cash. Calculate the book value of the firm's assets. (Enter your answer as e.g. 4,400,000, not 4.4 m)

Reference no: EM132912544

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