Glo's Glasses Balance Sheet Lists Net Fixed Assets as $20

question 119

Multiple Choice

Glo's Glasses balance sheet lists net fixed assets as $20 million. The fixed assets could currently be sold for $25 million. Glo's current balance sheet shows current liabilities of $7 million and net working capital of $3 million. If all the current accounts were liquidated today, the company would receive $9 million cash after paying $7 million in liabilities. What is the book value of Glo's assets today? What is the market value of these assets?

• A) $10 million, $16 million
• B) $10 million, $35 million
• C) $30 million, $35 million
• D) $30 million, $41 million

---

Definitions:

TCP/IP

Stands for Transmission Control Protocol/Internet Protocol, the foundational protocols in the suite of Internet protocols that dictate how digital data is transmitted over networks.

Internet Protocol

The Internet Protocol (IP) is a set of rules governing the format of data sent over the Internet or other networks, essentially facilitating the addressing and routing of packets to their destinations.

Network Interface

A boundary or point of interaction between a computer and a network, including both hardware and software components.

TCP/IP Layer

A set of protocols governing communications among all computers on the Internet. It has four abstraction layers defined by the Transmission Control Protocol and the Internet Protocol.