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plc purchased new machinery three years ago for £4 million. The machinery can be sold today for £2 million. XXX plc's current statement of financial position shows net non-current assets of £2,500,000, current liabilities of £1,375,000, and net working capital of £725,000. If all the current assets were liquidated today, the company would receive £1.9 million in cash. The book value of XXX plc's assets today is _____ and the market value of those assets is ____.

plc purchased new machinery three years ago for £4 million. The machinery can be sold today for £2 million. XXX plc's current statement of financial position shows net non-current assets of £2,500,000, current liabilities of £1,375,000, and net working capital of £725,000. If all the current assets were liquidated today, the company would receive £1.9 million in cash. The book value of XXX plc's assets today is _____ and the market value of those assets is ____.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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XXX plc purchased new machinery three years ago for £4 million. The machinery can be sold today for £2 million. XXX plc's current statement of financial position shows net non-current assets of £2,500,000, current liabilities of £1,375,000, and net working capital of £725,000. If all the current assets were liquidated today, the company would receive £1.9 million in cash. The book value of XXX plc's assets today is _____ and the market value of those assets is ____.

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