finance-In the Thompson bricks, Inc.s’ balance sheet lists net fixed assets

QUESTION

In the Thompson bricks, Inc.s’ balance sheet lists net fixed assets as $12 million. The fixed assets could currently be sold for $10 million. Thompson Bricks’ current balance sheet shows current liabilities of $4 million and current assets of $6 million. If all the current accounts were liquidated today, the company would receive $1 million cash after paying the $4 million in liabilities. What is the book value of Thompson Bricks’ assets today? What is the market Value of these assets? Show your work!!!

ANSWER:

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