Adellersquos phone answering servicersquos balance sheet, Ask an Expert

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Adelle’s Phone Answering Service’s balance sheet lists net fixed asset as $24 million. The fixed assets could currently be sold for $18 million. Hoffa’s current balance sheet shows current liabilities of $9 million and net working capital of $5 million. If all the current accounts were liquidated today, the company would receive $3 million cash after paying $9 million in liabilities.

What is the book value of Hoffa’s total assets today?______

What is the market value of their total assets?________

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91726284

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